CEO/MD - new TICC sector buy-build group

Independence Capital (“IC”) are a hybrid private equity & advisory firm specialising in seeding new buy-build strategies. IC provide a management-friendly alternative to legacy private equity for three types of teams and leaders: • Enabling teams and leaders who have recently exited and who wish to utilise that experience on a similar buy-build but where they retain control • Enabling teams and leaders from within a best-in-class corporate who wish to utilise that experience to build a new group where they retain control • Enabling second-line management in high performing SME to buy-out their incumbent majority shareholder IC thesis is to acquire £2m to £7m turnover assets off-market and to aggregate them to an ultimate exit-scale of c£5-7m EBITDA (across a 3-5yr time horizon) before dual-track an exit process to Trade or Private Equity. We are presently researching the TICC market with a view to starting a new group focusing on aggregating narrow (single market focus typically), niche sub-scale providers and combining them into a broader proposition to serve a series of core markets. We have a number of assets which are of particular interest and our preference is to bring in a experienced TICC Chair & CEO prior to our first acquisition and who therefore will help lead on the entire strategic and organisational design. Requirements • Over 7 years experience at Board level • Over 10 years experience in the TICC market • Demonstrable track record of regularly delivering scale and EBITDA growth • Prior PE experience and (or) delivery of exits are highly desirable but candidates with experience in top-of-market brands but no exit are welcome • For outstanding candidates consideration would be given to Finance, Operations, Commercial, Product leaders stepping into their first MD role • Location agnostic but generally preferred that candidates are or can be based North-West, Midlands or Yorkshire Package Industry leading equity reward & salary packages along with support to scale/exit Recognising IC unique equity award - all candidates will be expected to seed the acquisition vehicle with a meaningful capital commitment (if you are not comfortable investing a six-figure sum please do not apply)