Property consultancy Cluttons undergoes MBO

11 December 2023 Consultancy.uk

The partners of Cluttons have completed a management buyout of the company, as it looks to accelerate growth. The news sees the firm bring in new financial backing from Treun Capital, to help it with its expansion plans.

James Gray, CEO of Cluttons, said, “The last few years have been pivotal for Cluttons in building a leadership position in the management, sustainability and connectivity driven activities of professionally managed estates, particularly within the dynamic and ever-growing national energy and digital infrastructure sectors. Alongside our residential, infrastructure and workplace strategy expertise, these strengths enable us to create value for our clients at every stage of the property lifecycle and we will continue to leverage from them as a key part of our growth ambitions.”

Cluttons employs over 220 people across offices in the UK, providing a wide range of commercial and residential property services, including property management, valuation, corporate occupier services, estate agency and consultancy. It utilises proprietary portal technology and deep sector knowledge to provide clients with unique insights and innovative solutions to help them maximise returns on their assets.

Property consultancy Cluttons undergoes MBO

Fltr: Alan Froggatt (Non-Executive Chair the Board), James Gray (CEO), Catherine Spitzer (Non-Executive Director),
Nicholas Potter (CFO) and John Gravett (Managing Director)

Since emerging from the pandemic, Cluttons management and strategic consulting focus has supported revenue growth of 25% to £25 million in the last 12 months. It has also been investing in geographical expansion and modernisation, and recently took a lease at a new sustainable City office building at Yarnwicke on Cannon Street, London. But to sustain this growth-drive, the firm’s partners decided that they needed external support.

As a result, Treun Capital will help Cluttons maximise the potential of its residential, connectivity, workplace, and sustainability expertise. Treun Capital is a long-term private equity investor set up by industry specialists to share their experience of mid-market businesses on transformational growth journeys. They crucially invest experience as well as equity to support leadership teams grow faster and with more certainty.

Looking ahead, the move will see James Gray continue as chief executive officer, alongside Nicholas Potter who continues as chief financial officer – and joined by John Gravett, a partner who has now been promoted to the new role of managing director. But with the involvement of Treun Capital, a number of experienced non-executive appointments have also occurred.

Alan Froggatt, former CEO for Europe at CBRE, has been appointed non-executive chair of the board. Meanwhile, Catherine Spitzer, former managing director of Bidwells, has been appointed as a non-executive director. Their extensive contacts and collective experience of growth and organisational development bring extra insight and opportunities to Cluttons. 

Speaking on the new set-up, Managing Director John Gravett added, “We have set our ambitions high but with the backing of Treun Capital they are also realistic. We will continue to make key hires and our focused expertise and diverse client list continue to attract entrepreneurial leaders and ambitious professionals from competitors. Many talented people, teams, and smaller businesses are seeking opportunities to be part of a modern full-service business that brings them closer to the big names in property and the issues that matter most to them. Cluttons is a refreshing alternative because we have size and depth, but we are also nimble and agile, allowing our people to grow and be part of one joined-up dynamic business.”

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