Fri, 17 Aug 2018 | MBO/MBI
The owners of tech recruitment specialist firm, Bailey Fisher, have transferred their rights to the business through an MBO, and pledged significant growth to the business in due course as a result.
Founders Paul Bailey and Ann Fisher of the independent executive search firm based in St John’s Innovation Centre, Cambridge, working specifically with companies in the high technology and life sciences sector, have relinquished their ownership to managing director Andrew Moore, along with his buyout team John Bridger and James Houlder.
Bailey will continue on in the position of executive chairman, while Fisher will work alongside the buyout team as a consultant whilst also becoming the CEIO of company’s successful Women 4 Technology initiative.
Bailey commented: “We are delighted, after 20 years of building Bailey Fisher Executive Search into the strong brand that it is in Cambridge and across the UK, that Andy and his team have been keen to take the business to the next stage.”
Both Bailey and Fisher will retain a 20 per cent stake in the firm.
Bailey Fisher was established 21 years ago and prior to the MBO, has brought in US and other global executives to the UK as a whole and Cambridge more specifically. The decision to follow through with a buyout was made with the aim to bring in a fresh perspective to the recruitment firm as a whole.
Moore added: “There was a great opportunity to secure the long-term development of the business and I am delighted to have led the MBO […] It is very much business as usual as we continue in our aim of making Bailey Fisher the go-to executive search firm for growth companies across the UK.”
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Established over six years following a buy-out from a national firm by a partner and grown since by recommendation. ACCA regulated, the principal wishes to retire but available over the short to medium term if required.
Ideal for a large established practice to take itself to the next level, or for an acquirer seeking to extend in the London area.
This steady two-partner practice located within Greater Glasgow was established in the 1940s and is on the market for sale.
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