The partners of Cluttons have completed a management buyout of the business.
Private equity investor TREUN Capital has been brought in as investment partner to help Cluttons maximise the potential of its residential, connectivity, workplace and sustainability expertise.
James Gray will continue in his role as chief executive officer alongside Nicholas Potter, who continues as chief financial officer. Partner John Gravett has been promoted to the new role of managing director.
Alan Froggatt, former chief executive for Europe at CBRE, has been appointed non-executive chair of the board with Catherine Spitzer, former managing director of Bidwells, also appointed as a non-executive director.
Gray said: “The last few years have been pivotal for Cluttons in building a leadership position in the management, sustainability and connectivity driven activities of professionally managed estates, particularly within the dynamic and ever-growing national energy and digital infrastructure sectors. The unique combination of digital connectivity and sustainability advice we provide is critical to the delivery of both government and client net zero ambitions. Alongside our residential, infrastructure and workplace strategy expertise, these strengths enable us to create value for our clients at every stage of the property lifecycle and we will continue to leverage from them as a key part of our growth ambitions.”
Gravett added: “We have set our ambitions high but with the backing of TREUN Capital they are also realistic. We will continue to make key hires and our focused expertise and diverse client list continue to attract entrepreneurial leaders and ambitious professionals from competitors. Many talented people, teams, and smaller businesses are seeking opportunities to be part of a modern full-service business that brings them closer to the big names in property and the issues that matter most to them. Cluttons is a refreshing alternative because we have size and depth, but we are also nimble and agile, allowing our people to grow and be part of one joined-up dynamic business.”
Cluttons received legal advice from Pinsent Masons, corporate financial advice from Ulmus Advisory and advice on tax matters from RJP. TREUN Capital received legal advice from Shoosmiths and financial advice from HMT.
