York-headquartered employee engagement consultancy Scarlettabbott, has secured a new investment, as it aims to double its headcount. The significant investment comes from mid-market private equity firm LDC.
Founded in 1991, Scarlettabbott is a UK employee engagement and communications consultancy. The firm helps achieve results for client partners by helping them empower staff to be their best selves; providing internal campaigns, digital communications, behavioural science, and business strategy to help realise that.
Human resources challenges will continue to be one of the top concerns for businesses in 2023, and as such, demand for HR consulting firms like Scarlettabbott remains high. To help the firm meet this demand, and power it toward a new set of growth ambitions, Scarlettabbott has secured new backing from a private equity firm.
Jeremy Petty, Chief Executive of Scarlettabbott, commented, “This is a hugely exciting time for Scarlettabbott. We have seen significant growth in recent years through our focus on creating a better world of work for our colleagues, our clients and the industry as a whole.”
The firm has won the backing of mid-market investor LDC. The private equity firm will now support Scarlettabbott as it bids to double its 50-strong team – currently based across offices in York and London – over the next five years. The Scarlettabbott team will also further invest in the firm’s products, services and people to enhance the service it provides to clients, and increase its support for organisations in the UK and overseas.
The investment was led by LDC Investment Director Lee Donaldson and Investment Managers Naomi McDiarmid and Emma Borrie. Industry heavyweight Euan Jarvie, former UK & Ireland CEO of the multinational media and digital marketing communications company Dentsu International will join the board as Non-Executive Chairman.
LDC was also advised by UNW (Corporate Finance), Weightmans (Legal), KPMG (Financial and Tax) and Plural Strategy (Commercial DD). Meanwhile, Scarlettabbott was advised by Newcastle based mid-market corporate advisory boutique Cavu Corporate Finance, while its and legal adviser was Womble Bond Dickinson.
