Beechbrook invests in Leathwaite

The firm drew capital for the transaction from UK SME Credit Fund, which reached a final close on £150m in February 2017 and supplies £3-15m senior secured loans to UK non-private-equity-backed SMEs. The fund targets businesses with turnovers of £10-100m and EBITDA of more than £1m.

The majority of the vehicle's funding is structured as debt, though it does make occasional minority investments. 

London-headquartered Leathwaite was founded in 1999 and provides services including executive searches, management consultancy and market intelligence. The fresh funds will enable the business to expand internationally and invest in new services and technology. It currently has additional operations in New York, Hong Kong and Zurich, with a total headcount across the business of around 100.

According to publicly available documents, Leathwaite generated a turnover of £22.6m in 2016, with an operating profit of £5.2m.

Gateley provided legal advice to Beechbrook on the transaction, while Livingstone Partners and Simons Muirhead & Burton advised Leathwaite.

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