Tue, 21 Jan 2020 | MBO/MBI
Newcastle-based market research company Explain Market Research has undergone a management buyout (MBO) lead by Managing Director Kim Davis.
The MBO saw co-founder David Shiel sell his 75 per cent shareholding stake. Davis’ buyout team also included Research Directors Emma Hopkins and Rebecca Crinson as well as Commercial Director Holly Shiel-Redfern.
Explain Market Research was founded in 1993 by David Shiel and his wife Gillian. It currently employs 70 staff across its head office and research centre in central Newcastle.
Having recently celebrated 25 years in business, the company has become a big part of the UK research sector, working with clients across the country, covering sectors including utilities, healthcare, higher education and finance.
It particularly specialises in regulatory research as well as providing solutions in the finance, retail and social housing sector.
The financial details of the MBO were not disclosed, but the buyout follows a year in which the company has secured a string of fresh contracts and reported year on year growth.
The MBO was facilitated by RMT Accountants non-executive Director Stephen Slater. The buyout team was represented by Anna McGill, partner at law firm Gordon Brown, while Ward Hadaway partner Imogen Holland represented David and Gillian Shiel.
Kim Davis has been with Explain Market Research since 1999 and went on to become a key figure in the company’s nationwide growth and development, before being named Managing Director in 2012.
An exceptional opportunity to acquire a well-established offshore survey business, renowned for its comprehensive design, build, and operation capabilities, alongside valuable assets including vessels and equipment.
This is a unique opportunity to acquire a 50% shareholding in a boutique legal firm that provides cutting-edge tech support to the insurance sector, particularly in the Managing General Agent market.
This well-established West Midlands IFA, managing £200m in funds under management, offers a highly profitable client base with an average household value exceeding £400k.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.