Tue, 21 Jan 2020 | MBO/MBI
Newcastle-based market research company Explain Market Research has undergone a management buyout (MBO) lead by Managing Director Kim Davis.
The MBO saw co-founder David Shiel sell his 75 per cent shareholding stake. Davis’ buyout team also included Research Directors Emma Hopkins and Rebecca Crinson as well as Commercial Director Holly Shiel-Redfern.
Explain Market Research was founded in 1993 by David Shiel and his wife Gillian. It currently employs 70 staff across its head office and research centre in central Newcastle.
Having recently celebrated 25 years in business, the company has become a big part of the UK research sector, working with clients across the country, covering sectors including utilities, healthcare, higher education and finance.
It particularly specialises in regulatory research as well as providing solutions in the finance, retail and social housing sector.
The financial details of the MBO were not disclosed, but the buyout follows a year in which the company has secured a string of fresh contracts and reported year on year growth.
The MBO was facilitated by RMT Accountants non-executive Director Stephen Slater. The buyout team was represented by Anna McGill, partner at law firm Gordon Brown, while Ward Hadaway partner Imogen Holland represented David and Gillian Shiel.
Kim Davis has been with Explain Market Research since 1999 and went on to become a key figure in the company’s nationwide growth and development, before being named Managing Director in 2012.
Great local branding and reputation. Strong staffing team within the organisation. Open to both buy-outs and merger opportunities.Forward-t hinking and innovative operations. High profitability margins. Established: 10 to 15 years. Offers invited.
Highly regarded as an industry leader and an innovative trendsetter.Prides itself on its versatility and flexibility to adapt to changing market conditions and client requirements.Benefits from high levels of in-house expertise across all areas of th...
LEASEHOLD
Leasehold opportunity. Impressive financial profiles. Strong client relationships. Huge growth potential. With such a strong standing in the global market and secure contracts in place, a new owner could easily drive the business to future success. O...
LEASEHOLD
|
27
|
|
Feb
|
Online furniture retailer rescued from administration | BUSINESS SALE
Houseology has been bought from administration by rival furn...
|
26
|
|
Feb
|
Engineering giant looks to sell oil and gas division | DIVISION SALE
Scottish engineering giant Weir Group is looking to sell its...
|
25
|
|
Feb
|
Property management platform faces administration | ADMINISTRATION
The parent company of UK property management startup Hostmak...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources