Empteezy Group Limited is pleased to announce the completion of a management buy-out with the support of leading investor, Chiltern Capital LLP and strengthening of the Empteezy Group Board of Directors.
The management buy-out has been led by David Byrne (Group CEO) and Jon Hazlewood (Group CFO). The team will be further bolstered by the introduction of Warwick Ley as Chair. Chiltern will support the team in delivering its exciting plans to broaden Empteezy’s product and service offering and make further funding available for targeted M&A.
Chiltern are investing not only in Empteezy but also in the Management Team and their exciting growth roadmap, and Empteezy are excited to work with such a forward thinking and supportive investor.
David Byrne, commented: “It has been 36 years since Bruce launched Empteezy, and the quality of people, strength of the brand and the breadth of the product range, made my decision to join and steer the business into its near future, a very easy and exciting one. Working very closely with Chiltern on that journey was also a very attractive proposition.”
Bruce Wishart, commented “Passing the company on to the existing management was a natural decision, the hard part was finding the right partner to assist with this. Chiltern impressed with their supportive approach from the start and the introduction of David Byrne CEO and Jon Hazelwood CFO with Warwick Ley as Chairman gives me full confidence in a bright future. I look forward to supporting them going forward.”
David Butler, Investment Director at Chiltern Capital, added: “Bruce should be incredibly proud of the legacy that he has built, and we feel privileged to be able to support David, Jon and the rest of the management team with their plans for the next chapter. Due to the ever-increasing need for corporates to address their ESG responsibilities, the importance of a company like Empteezy cannot be overstated.”