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A team from Fieldfisher, led by partner Graeme Nuttall OBE, advised St Brides partners on its transition to employee ownership.
St Brides Partners is a financial public relations company based in London, with an established reputation as a market-leading consultancy focussed on advising growth companies.
The Fieldfisher team included partner Mary Erb, director Neil Johnston and senior associate Jennifer Martin.
On this transaction, Fieldfisher worked with C4C Ownership Partners Limited.
Graeme Nuttall OBE, partner at Fieldfisher, and, as the Government's independent adviser on employee ownership, author of the influential Nuttall Review of Employee Ownership, commented:
"Employee ownership works well at every stage of the business lifecycle and in a wide range of businesses. St Brides has recognised the value of employee ownership as a proven business model which can support growth.
"The City of London is really contributing to the growth of employee ownership in the UK; Hunting plc is planning the sale of a subsidiary to an employee benefit trust and Circle Partnership Benefit Trust now owns a 25% stake in Circle Holdings plc. Capital for Colleagues plc, which invests in and supports employee owned businesses, has also recently launched a crowdfunding campaign."
Isabel de Salis, director, St Brides Partners added:
"Our transformation into an employee owned business has been very exciting; the move reflects the innovative and proactive approach we take in both running our own business and working with clients and developing their growth strategies. We are only in month three but we are already seeing a positive difference in attitude from the new partners. We fully believe that the creation of a mutually beneficial workplace will facilitate our advancement as a leading, multi-sector financial public relations and marketing consultancy in London.
“The process was by no means easy, but the help we received from Fieldfisher was invaluable. We look forward to the rest of 2015 with the confidence that we did the right thing!”
If you are interested in finding out more about the Nuttall Review, please click here.
Fieldfisher is an ‘Approved Advisor’ of the Employee Ownership Association, the leading sector body.