Tue, 20 Nov 2018 | MBO/MBI
A company that provides a platform for customer reviews and insights has completed an MBO deal, representing "the next chapter for the brand, initiating even more growth and innovation".
The MBO was led by Chief Revenue Officer Matt West and backed by private equity firm Vespa Capital. Following the buyout, founders Andrew Mabbut and Matt Eames have sold their shares and left the company.
Mabbutt said: “Being a founder and part of the team and journey that has witnessed Feefo develop into a superior customer experience technology business has been brilliant.
“The buyout represents the next chapter for the brand, initiating even more growth and innovation. Feefo is a great business run by ambitious people and will no doubt continue to do amazing things.”
Founded in 2010, Feefo became a Google Partner earlier this year. The company provides corporate clients with an ‘easier and faster’ route to customer insights and trends; while its machine learning-based ‘Smart Themes’ and ‘Performance Profiling’ solutions to assist customers with finding the information they are in need of.
West said: “This deal is an important and significant milestone for Feefo, which is fast becoming one of the most disruptive and forward-thinking technology brands.
“This new investment will fuel our ambitious programme of enterprise-level expansion, while enabling further innovation within our market-leading data analytics and artificial intelligence capabilities.
“The continued evolution of our technology as a comprehensive customer experience management platform is enabling brands to make smarter business decisions every day.”
West will take over with CFO Richard Sawney, Technical Director Paul Greatbatch, Director of Customer Success Steph Heasman and US VP of Sales and Operations James Winn.
For more news about management buyouts (MBO), click here. For all our business listings, click here.
Established commercial management run laundry business. Established in its present location for over 20 years, this outstanding business returns first-rate profits from its 5-day working week. Targeting the pharmaceutical, electronics and food sector...
LEASEHOLD
The haulage of liquids, chemicals and fuel serviced by 10 tractor units and 12 tanker trailers.
LEASEHOLD
Has extensive in-house expertise and relationships with a range of specialist subcontractors. Second-tier management team in place who can run the company on the day-to-day operations. Has obtained several awards due to its superior service offering....
LEASEHOLD
|
25
|
|
Sep
|
Harworth completes STOR facility acquisition | COMMERCIAL PROPERTY
Property development and investment firm Harworth Group has ...
|
24
|
|
Sep
|
Sunak announces Job Support Scheme after autumn budget is scrapped | BUSINESS NEWS
Chancellor Rishi Sunak has today unveiled a raft of new meas...
|
24
|
|
Sep
|
AA in talks over possible sale to consortium | BUSINESS NEWS
Roadside assistance provider the AA has said it is in talks ...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources