PMSI provides CDD to LDC on its investment on Ellis Whittam
LDC has invested in Ellis Whittam, a leading employment law, HR and health & safety support provider. PMSI provided CDD for the deal.
The multi-million pound deal, in which LDC takes a minority stake, will facilitate Ellis Whittam's organic growth acceleration, fund future acquisitions and grow staff numbers by 100 over the next four years. Ellis Whittam's founder Mark Ellis will continue to lead the business and remain as a major shareholder as he steps into the role of CEO.
Founded in 2004, Ellis Whittam's clients include Pure Gym, Culina Logistics, Red Letter Days, The Chartered Management Institute, The Chartered Quality Institute and Toni & Guy. The business currently employs 165 staff from its headquarters in Aldford, near Chester, including fully-qualified solicitors as employment law advisors and professionally qualified health and safety consultants. For the financial year to April 2016, Ellis Whittam generated sales of about £11m and EBITDA of more than £3m.
Mark Ellis said: “In LDC we’re confident we have the right partner to deliver the next phase of our journey, as the team fully understands our vision to be the UK’s best fixed-fee professional support business."