9 January 2014
Press ReleasesThames Valley and South Coast accountants and business advisers James Cowper Kreston has advised the senior management team of leading technology PR consultancy Whiteoaks on its successful management buyout.
The MBO, completed on 29 November, has seen the current managing director and major shareholder James Kelliher take on the role of chairman and chief executive officer, co-director and shareholder Suzanne Munton becomes managing director and Hayley Goff becomes client services director. Whiteoaks founder Gill Craig will continue to remain involved, providing business development and consultancy services.
Established in 1993 as a four-person team, Whiteoaks is now one of the UK’s leading technology PR consultancies with annual fees exceeding £4 million and more than 40 staff in its Surrey headquarters.
Nick Rogers, Partner and head of James Cowper Kreston’s Corporate Finance team said: “We are delighted to have acted for Whiteoaks' management team and guide them through its successful MBO. The agency has a terrific reputation and is extremely well-placed to capitalise in the upturn in the global economy.”
James Kelliher, chairman and chief executive of Whiteoaks said: "Nick, Stuart and Michael were professional and approachable throughout the course of the transaction. Their pragmatic solution-orientated approach ensured that the hurdles encountered in the process were easily overcome. I would highly recommend the team to others seeking to maximise investments in their business."
In 2013, James Cowper Kreston’s Corporate Finance team advised on 20 corporate finance transactions with a combined value exceeding £200m.
Nick Rogers, Partner, James Cowper Kreston LLP, +44 (0)118 9590261, or email.
