NVM supports MBO of IT transformation consultancy

NVM Private Equity (“NVM”) announces the completion of a new investment backing independent IT
and digital transformation consultancy Leading Resolutions as part of a management buyout.

Swindon-based Leading Resolutions is an independent IT and Technology consultancy helping clients deliver large-scale transformation and technology change programmes. They have full coverage across the technology landscape with deep expertise advising clients on complex IT transformation and business change programmes. They are seen as a trusted advisor to the boards of large and mid-sized corporates with an extensive list of blue-chip clients including Currys, The AA, Experian and EasyJet. The company is led by CEO, Pete Smyth and COO, Sheila Bryant supported by an experienced team who, over the past
two years, have been responsible for delivering an impressive 70% revenue CAGR.

Following a significant number of recommendations from industry peers and clients, Leading Resolutions has been named in the Financial Times UK’s Leading Management Consultants report across five categories. This recognition highlights the momentum the business has been building and is testament to the delivery capabilities which have been expanded and developed over recent years.

To strengthen the board, NVM has appointed Geoff Neville as Chair. Geoff is a highly experienced senior executive with a career spanning 25 years across the IT services sector and has a strong track record of delivering market-leading shareholder returns.

Pete Smyth, CEO of Leading Resolutions said “I am hugely excited to lead this team into a new chapter of growth for Leading Resolutions. The backing of NVM allows us to give greater focus to our ongoing strategy, one that supports the needs of our customers and enhances the proposition we have to offer.”

Charlie Pidgeon, Investment Partner said “Having tracked the business over a number of years we have seen the business develop and have witnessed first-hand the incredible growth that Pete, Sheila and the wider team have achieved. We therefore look forward to building on the strong foundations which have been laid and we are excited to work with the team to maximise the business’s potential.”

Charlie Pidgeon and David Rolfe will join the Board of Leading Resolutions. This is NVM’s fourth transaction in twelve months including the sale of Lineup Systems which it announced last month delivering a money multiple of 8.1x.

Advisors on the sale were:
Corporate Finance (Vendors): Watersheds
Financial Due Diligence: Crowe
Commercial Due Diligence: Armstrong
Corporate Finance (NVM): Equiteq
Legals (NVM): Gateley
Legals (Management): HCR
Legals (Vendors): Gardner Leader
Management Due Diligence: Continuum
Insurance Due Diligence: Lockton