GCP backs Chaucer MBO

Alice Murray
28 February 2014

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Growth Capital Partners (GCP) has supported the management buyout of management consultancy Chaucer Group.

The deal marks the sixth transaction from GCP's Fund III. The investment will be used to expand the business both domestically and internationally.

Company
Established in 1987, Chaucer is a consultancy firm, providing support to clients in the delivery of strategic projects and programmes.

The Faversham-based company focuses on change management, benchmarking, organisational development, IT system implementation and cost reduction programmes. Clients include BP, Thames Water, Pfizer, GSK, Barclays, Aviva, Vodaphone, Cadbury and the NHS.

The company has offices in the UK, Germany, the US, the Middle East, Russia, the Asia-Pacific region and Latin America.

People
Bob Laslett is the founder and chairman of Chaucer – he will step down as part of the transaction and remain as a strategic adviser. He will be replaced by new chairman John Bateson. Chris Laslett is Chaucer's CEO and will continue to lead the business following the deal.

Simon Jobson is a partner at GCP.

Advisers
Management – Liberty, Steve Thomson, Simon Hill (Corporate finance); Squire Sanders, Tim Hewens (Legal).
Equity – Dickson Minto, Andrew Nuthall, Adam Holland, James McClymont (Legal).