Buy-in Management Buy-out at Bath-based Gradwell Communications delivers exit for Altitude Partners

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Corporate finance firm Shaw & Co is delighted to announce that it has advised on the Buy-in Management Buy-out of Bath-based business Gradwell Communications, the award-winning provider of VoIP, broadband and cloud services to small businesses.

Shaw & Co acted for the vendors in the deal that saw private equity investor Altitude Partners exit to a management team led by new CEO Nick Caw and backed by Chiltern Capital. Founder Peter Gradwell will continue in his role following the deal and has retained a significant equity interest.

Shaw & Co advised Peter on Altitude’s original investment in the business in early 2012, and having maintained a close relationship with the main shareholders since then, has now delivered both a successful exit for Altitude, and new backing for Peter and the continuing team.

Peter Gradwell said: “I have worked with the team at Shaw & Co for more than five years now, they advised me on both the 2012 investment by Altitude and the latest deal with Chiltern. They have been an outstanding long term partner to me and the business. Their advice has been invaluable, and they have been a great support in my decision-making every step of the way. For ambitious owner-managers trying to grow their business, Shaw & Co’s offering is tailor made.”

Myles Hamilton who led the corporate finance team at Shaw & Co said: “We have enjoyed working with Peter and the team at Gradwell for the past several years and look forward to continuing the relationship for many more years to come. For us getting the best results for our clients is the most rewarding part of our job.”

The vendors received legal advice from Simon Thomas at Bristol law firm Clarke Willmott. Chiltern Capital was advised by Jonathan Leigh-Hunt of London-based Marriott Harrison and management was advised by Katharine Mortimer of Royds Withy King in Bath.

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