Geldards advise 4most Employee Ownership Trust on sale to Phoenix Equity Partners

Geldards, one of the leading Employee Ownership Trusts advisors, has advised the Employee Ownership Trust of 4most, a specialist risk analytics consultancy, on the trustee duties aspects of the majority share sale to private equity firm Phoenix Equity Partners.

4most, a well-respected independent analytics consultancy employing over 230 staff, transitioned to an Employee Ownership Trust model in 2018. Since that time the business has enjoyed phenomenal growth in a short space of time, scooped numerous awards and is recognised as one of the most dynamic risk consulting firms globally, with a firm emphasis on a collaborative and social work culture.

Capitalising on the company’s growth and success to date, the majority share sale to leading growth-focused private equity firm Phoenix Equity Partners secures a bright future for 4most to fulfil its future growth ambitions whilst maintaining its unique culture. Phoenix has helped over fifty businesses achieve their growth goals, and partners closely with management teams to understand their work ethos and culture to achieve ambitious growth.

Geldards advised 4most ESOT Limited, the trustee of the EOT, on the trustee duties and responsibilities in respect of the transaction and helped guide the Trust through the deal. Osbourne Clake acted on behalf of the sellers and CMS acted for Phoenix Equity Partners.

Geldards’ Tax Partner Andrew Evans led the engagement, advising the trustee on its duties and responsibilities relating to the transaction alongside Corporate partner, Debra Martin.

Commenting on the transaction, Andrew Evans, Partner at Geldards said:

“We were delighted to advise the trustees at 4most ESOT Limited, to ensure they satisfied their trustee duties in relation to the beneficiaries of the EOT through the sale to a successful completion. A sale by an EOT is unusual and involves some complex issues for the trustees to consider. The sale by the EOT in this case provides an opportunity for the employees to build on the existing success of the 4most Group.”

Craig Watters, Chief Operating Officer and a trustee director of 4most ESOT Limited, commented:

“Geldards provided support to the Trustees during the transaction, bringing a blend of tax, corporate and trust law experience to the table. They helped ensure the trustees met their obligations through a complex transaction offering a professional, personable and pragmatic approach.”

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