P2 goes for growth with Santander

P2 Consulting

P2 Consulting, a fast-growing business with an established blue-chip client base and a leading project management offering is now able to implement their strategy for growth, thanks to securing funding for a management buy-out from Santanderusing their growth capital facility.

The growth capital deal will enable the management buy-out of P2 Consulting and the acquisition of a significant majority stake by mid-market private equity firm, Lonsdale Capital Partners LLP.

Doug Elliott, the managing Director of P2 Consulting, said: “We are keen to implement our strategy for growth, working together with Lonsdale and Santander,” and James Knott, Lonsdale Capital Partners, added: "We are delighted to continue our partnership with Santander through its Growth Capital team and to have their support as we grow our portfolio of investments. P2 Consulting has a strong proposition and a rapidly growing reputation in the consulting space, delivered by a very experienced management team. We are very excited to be working with Doug and his team to take the business through its next stage of development."

Meanwhile, Carmen Peacock, Growth Capital Santander, commented: "P2 Consulting is a leading project management consultancy that has demonstrated robust performance since inception. We are very pleased to back management and support Lonsdale’s investment in the business. As a bank, we look forward to developing our relationship with a highly regarded management team and see the business grow under Lonsdale’s ownership.”

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