Management Buyout marks start of new era for CCD
CCD has completed a management buyout led by the existing leadership team of David Watts, Managing Director, Martin Freer, Head of Human Factors, Chris Girling, Head of Wayfinding and Julian Matthews who becomes non-executive Director. They have acquired the business from its original and founding shareholders, John Wood, Mike Clark and Martin Hazell.
The new ownership comes as the company begins its 40th Anniversary celebrations in 2017.
The Buy Out team have already worked together for many years, and believe the new structure is a great opportunity to take CCD to the next stage of its development as it enters its fifth decade. To achieve their ownership objectives, a new parent company, CCD Group, has been created and financed and this is the vehicle which has been used to purchase the original company.
David Watts says, “We now have a great set up – an established management team that works well together, and has already reshaped CCD for the future, as well as ownership of a business that we strongly believe in. The Buy Out comes at an exciting time as we transition to be a more strongly design-based practice whilst retaining the core founding principles of CCD around the value of human factors in that process. From a day to day perspective, the message to all our valuable clients is ‘No change’, we will continue to work tirelessly to understand and support their objectives. But in the background, the added incentive of having the responsibility of ownership will encourage greater focus, flexibility and innovation in our thinking and delivery.”