Tue, 24 Jul 2012 | MBO/MBI
Science-powered technology and consulting service provider Tessella has changed hands in an £18 million management buy-out.
Founder Kevin Gell is to keep a minority stake and is to remain on the board. London-based Mobeus Equity Partners backed the deal. New board members are Jon Tilbury, Stephanie Elliot and Grant Stephen with new chairman Steve Curl, and Guy Blackburn from Mobeus.
The deal was led by Alan Gaby, the managing director at Tessella, who commented, “Having been in the business for the last 5 years, my team and I are excited by our plans for the future. We have the experience, energy, resources and – above all – the people to make an even greater positive impact for our clients.”
Headquartered in Oxfordshire, Tessella operates in Warrington, Burton, as well as the Netherlands and the US. It acts as adviser on various projects for its blue-chip clients, including the UK government’s flood water and defence plans, the European Space Agency’s plans to create a satellite to send to the sun and work to boost safety on oil rigs for large international oil firms.
Established in 1980, Tessella recorded revenues of £16.9 million for the year to April 2011 and has a 200-strong workforce across the UK, Netherlands and US.
This well-established hotel for sale in Hereford presents a unique opportunity with its prime location close to the cathedral, offering 83 en-suite bedrooms and versatile dining and event facilities.
FREEHOLD
Located on the Island of Burray, just off mainland Orkney, once only accessible by boat, but now linked by the iconic causeways - the Churchill Barriers. The hotel itself has an imposing position overlooking the beach and Burray Harbour, with stunnin...
FREEHOLD
An established car dealership in Berkshire, positioned on a prominent main road, is now available for purchase, offering a prime opportunity for investment in a lucrative market.
LEASEHOLD
Looking for more businesses? Try our off-market tool.
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.