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Chief Operations Officer - PE backed MSP
Location: Nottingham, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Description:
Independence Capital ("IC") is a hybrid private equity & advisory firm specializing in seeding new buy-build strategies. IC provides 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 utilize 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 utilize that experience to build a new group where they retain control.
* Enabling second-line management in high performing SMEs to buy-out their incumbent majority shareholder.
ICs thesis is to acquire £2m to £15m turnover assets off-market and to aggregate them to an ultimate exit-scale of approximately £7-10m EBITDA (across a 3-5 year time horizon) before dual-track an exit process to Trade or Private Equity.
Company
* A national IT Managed Services provider has been built with the support of a team who have already scaled and exited in the sector before.
* The group has conducted 8 acquisitions and made good progress in integrating and readying the business for its next phase of scale.
* The operations span four sites across the North West, Midlands, and South, with a workforce that now exceeds 130.
* The product suite spans IT support, Microsoft Modern Workplace, Public/Private/Hybrid Cloud Solutions, Infrastructure-as-a-service & cybersecurity.
* The customer profile ranges from SME owner-managed businesses through to PE-backed and global blue-chips.
Role
* The role is a replacement for one of the founders, who is moving into a strategic/consulting role ahead of planning for the exit of the group to private equity or trade.
* The role will afford the candidate two critical opportunities: 1) to support preparations for scale and excellence ahead of delivering a successful exit, and 2) to position themselves as leading the next generation through the companys next phase of growth post-exit.
* Key areas of responsibility include all People Operations, all Service Operations (including client Projects), and supporting the incumbent in the delivery of ongoing Transformation & Integration workstreams.
Requirements
* Minimum 10 years senior leadership experience in IT Services Operations.
* Experience of having worked in groups conducting M&A is critical.
* Experience of having led Transformation & Integration Programs is critical.
* Experience of leading in businesses with teams of 200-500+ is critical.
* Previous experience of having worked under private equity is preferred but not a necessity.
* Previous experience of having exited is preferred but not a necessity.
* Location is not seen as a critical barrier to any hire, but regular travel between the various sites is expected.
* Exceptional candidates in second-tier roles (Directors/Head of X) yet to take on a full COO role would be considered but will need to evidence an ability to design and execute exceptional People, Customer, or Technology outcomes.
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