Chiltern takes majority stake in IMD Group MBO

Kenny Wastell
06 August 2019

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Chiltern Capital has backed the management buyout of IMD Group, a UK-headquartered management consultancy.

Financial details of the transaction remain undisclosed, though Chiltern typically writes equity cheques of up to £15m and has taken a majority stake in IMD.

The business will look to expand its consultant base and diversify into adjacent sectors under its new owners.

Chiltern has introduced the former CEO of data consultancy firm Tessella, Alan Gaby, as chairperson at IMD as part of the deal. The GP's co-founding partner Alex Sheffield and investment director Thomas Holroyd will also take seats on the company's board of directors.

Company
Founded in 2015, Bristol-headquartered IMD is a consultancy focusing on digital transformation, systems engineering, procurement services, human resources, and project, programme, cost and portfolio management. It serves both the private and public sectors, and has UK government contracts with departments including the Ministry of Defence and the Home Office.

People
Chiltern Capital – Alex Sheffield (co-founding partner); Thomas Holroyd (investment director).
IMD Group – Dean Taylor (CEO); Graham Joyce (chief operations officer).

Advisers
Equity – Wilson Partners (financial due diligence); CIL (commercial due diligence); Marriott Harrison (legal); Parisi Tax (tax).