Management Buyouts

Gresham Private Equity in Management Buyout

Gresham Private Equity is a U.K.-based mid-market buyout firm and it has recently launched a management buyout of more than half of Formation Group. It was recently announced that Gresham exchanged contracts on a £20.75m management buyout for five of Foundation Group’s nine businesses. The purchased businesses will form the James Grant Group.

Gresham will provide 100 per cent of the funding to complete the transaction using its recently launched debt underwriting product.

The five businesses included in the transaction are James Grant Media, O J Kilkenny & Co, Proactive Sports Management USA Inc, Formation Sports Capital and Proactive Sports Management. These businesses collectively have over 750 clients.

Neil Rodford, CEO of the newly formed James Grant Group, said, “We are delighted to have found a partner of Gresham’s magnitude to enable us to complete this MBO. We have an excellent management team in place and with Gresham’s support we can substantially grow the business and the services we can offer our extensive and complementary client base. We look forward to working closely with Gresham to identify the right acquisitions and to accelerating our growth through organic initiatives.” Source

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