New Street Consulting Group secures funding to accelerate growth plans

People advisory firm New Street Consulting Group (NSCG) has raised £6.5m to support its build-and-build strategy, as it looks to grow in the UK and expand overseas.

Leeds-based Fresh Thinking Advisory supported the management team in developing the funding round and securing a deal with White Oak UK, a specialist SME funder.

NSCG, one of the UK’s largest multidisciplinary recruitment and people advisory organisations, recently enhanced its consulting proposition by acquiring The Chemistry Group. The move enabled NSCG to embed a mergers and acquisitions strategy, enhancing its support for large firms globally in sectors such as professional services, finance, healthcare and technology.

Martin Oliver (pictured), CFO of NSCG, said: “Our business continues to go from strength to strength as we focus on delivering industry-leading levels of service in the UK and globally. The new funding will accelerate our buy-and-build strategy over the coming months.”

Andrew Walls, director at Fresh Thinking Advisory, said: “After evaluating the group’s long-term strategic objectives, Fresh Thinking Advisory concluded that a combination of several facilities would be the most suitable solution.”

According to a company statement, White Oak UK’s ability to structure and deliver facilities will provide NSCG with enough support to execute its growth strategy.

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