We were delighted to help the energetic Management team of Baltimore Consulting acquire 100% of the business with a ground-breaking unsecured loan facility.
Baltimore was founded in 2013 as a standalone business within Opus Talent Solutions to provide senior and specialist candidates to Local Government, NHS and Third Sector clients. From inception, the business was grown and developed by MD, Charmaine Kenny, and by 2017 Baltimore Consulting had achieved a strong market presence with revenues of £10m.
During this time Opus had been accelerating into the technology sector and wanted to further focus in this sector. With the strategies of the two companies continuing to diverge, the time was right for Baltimore to continue to grow independently and establish itself as a market leader in its field.
We worked alongside Management to help them first negotiate a deal with Opus, prepare the investment business plan and financial model and assess all financing options available, before delivering a deal that secured 100% of the share capital for Management.