LDC takes minority stake in Ellis Whittam

Following completion of the deal, Ellis Whittam will look to make bolt-on acquisitions. It will also pursue  an organic growth strategy by recruiting an additional 100 people over the course of the next four years.

As part of the transaction, the company’s CEO, Deven Thakrar, will step down. Meanwhile, chairperson and founder Mark Ellis – who retains a majority stake in Ellis Whittam – will take on the role of CEO. The business has appointed Robert Morgan, formerly chief executive and executive director of Hays, as its new chairperson.

LDC investment director Richard Ibbett will take a seat on the board alongside director Johnny Bell, who is co-head of the GP’s north-west team.

Company
Founded in 2004 and headquartered in Aldford, near Liverpool, Ellis Whittam is an employment law, HR, health and safety advisory business. The company generated a turnover of £11m with EBITDA of around £3m in the year to April 2016.

Ellis Whittam employs 165 people and has a client roster including Pure Gym, Culina Logistics, Red Letter Days and Toni & Guy.

People
LDC – Richard Ibbett (investment director); Johnny Bell (director).
Ellis Whittam – Mark Ellis (CEO); Robert Morgan (chairperson).

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