Beechbrook Capital backs leading executive search specialist Leathwaite
26 March 2018
26th March 2018 – Beechbrook Capital’s UK SME Credit fund has provided a unitranche loan to Leathwaite, the global human capital specialist with offices in London, New York, Hong Kong and Zurich. The investment will help Leathwaite to accelerate its worldwide expansion, launch new business streams and invest in proprietary technology, while also providing equity to develop and attract talent.
Leathwaite’s Martin Phillips added: “Beechbrook’s backing will help Leathwaite to achieve further momentum across a number of exciting initiatives, in particular as we launch new tech businesses like The Pay Index, our free crowd-sourced compensation tool for senior executives. The injection of growth capital demonstrates how committed Leathwaite are to expanding the business in the UK and internationally.”
Jon Herbert, managing director of Beechbrook’s UK SME Credit fund, said: “We are delighted to be working with Leathwaite. We are very impressed with the calibre of the management team and look forward to supporting their growth initiatives which build on the company’s existing strong market position. This investment is another example of Beechbrook’s strategy of backing high quality entrepreneurial management teams in growing businesses.”