Risk and data analytics consultancy 4most has received majority investment by Phoenix Equity Partners, providing those taking part in its employee ownership trust with an average payout of £150,000 each.
Of 4most’s 240 members of staff, approximately 150 were invested in the trust. Phoenix Equity Partners’ acquisition of a majority stake in the business saw it invest alongside the existing management team and employees.
4most has reported revenue growth of more than 30% annually since 2020, and projected earnings before interest, taxes, depreciation and amortisation (EBITDA) of £10m for 2023.
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The organisation reported that this success was underpinned by the culture created by employee ownership, which has helped it attract the best candidates and create a high-performing environment.
Rob McDowell, chief executive officer (CEO) at 4most, said: “It is clear that in Phoenix we have found the right investor and partner for the next phase of 4most’s growth. [It is] excited by our progressive culture, unique values and trusted client relationships. These factors allow us to attract the best people and to deliver great service to clients.
“We are thrilled to have been able to provide our dedicated employees with a significant payout that recognises their hard work and commitment to our company. This success is a testament to the power of our employee ownership model, which reinforces our entrepreneurial culture and core values, while also setting us apart from our peers by allowing us to attract the best people in a highly competitive industry.
“We look forward to working with Phoenix to continue investing in our team in this new exciting chapter for our business.”