Spencer Ogden

The business

Spencer Ogden is a leading international specialist recruiter to the renewables, engineering and built-environment sectors. The business operates a graduate consultant model with 12 offices across the UK, Europe, US and APAC regions. 

The deal

Spencer Ogden was majority owned by an individual who had reached the end of his investment horizon. Brad and his team were keen to bring on board a partner who would be more involved in helping drive the strategic direction of the business and to exploit clear opportunities in the renewables market. For the main shareholder the deal was entirely discretionary but allowed some crystallisation of value and the creation of an equity pot to incentivise Brad and his team to drive equity growth. It was a bilateral deal and we were able to iterate to a bespoke structure which allowed the incumbent shareholder to retain a significant minority stake.