TSG is proud to announce the completion of a significant management buy-out (MBO) with investment that will benefit our valued staff, loyal clients and trusted partners.
Our vastly experienced management team of CEO Rory McKeand, chief financial officer Steven Lynn, and chief operating officer Rob Jones and chief commercial officer Andy Hayward will be joined by global investment giant Pictet Group, which will inject significant investment into the business over the next five years to support the existing team and our future growth.
Our founder Sir Graham Wylie and our executive chairman David Stonehouse, who together set the solid foundations for the management team to run the business three years ago have now stepped away from TSG.
The investment marks the next phase of TSG’s expansion and will build on the double-digit growth that we’ve recorded in the last three years. It will enable us to invest further in new technologies and talent to support our valued staff and enhance our services to our loyal clients. It will also help us to cement our position as one of the UK’s top business tech partners, helping organisations to strategically invest in various technologies to support their business goals.
CEO Rory McKeand said: “This management buy-out is fantastic news for TSG, our clients, and the wider tech sector. It reflects not only the diligence of our hardworking staff but also the loyalty of our clients and partners who’ve collectively underpinned our success to date.
“The deal will allow us to drive further organic growth and seek opportunities for future strategic acquisitions. We intend to build on our previous successes over the last two decades and we’ll continue to help organisations unlock the value of technology as we strengthen our position as the UK’s leading mid-market business tech partner.”
Edmund Buckley, Head of Direct Private Equity at Pictet, said: “Our mission is to invest in high quality businesses run by entrepreneurial founders and leaders. We are delighted to partner with Rory McKeand and the broader TSG management team, and look forward to helping the business fulfil its growth ambitions.”
“We’re genuinely excited about the ambitious expansion plans outlined by Rory and his team, and we’re proud to be joining them on the next stage of TSG’s growth journey.”
Media contacts
For further information, please contact:
Sarah Banks, PR Account Director
sarahb@gardiner-richardson.com
07879 493744
