Watersheds completes deal which sees The Woodhouse Partnership acquired by RSK Group
South-west based corporate finance group Watersheds has completed a deal, which saw Newbury-based asset management consultant The Woodhouse Partnership Ltd (TWPL) sold to global sustainable solutions firm RSK Group.
Managing director and one of the founders of RWPL, John Woodhouse, seen as a major player in international asset management, will continue to lead the business as part of the RSK Group.
"TWPL comprises two UK companies and three overseas entities in North America and South America, so it has been a complex transaction from the outset," said Tim Harrington, a partner at Watersheds, who worked on the deal along with another partner John Stopher.
"John’s schedule involves a lot of worldwide travel, and while the deal was progressing TWPL was undergoing a rapid growth phase, so the fact that we were able to drive the deal to completion meant John could keep focused on running the business without losing momentum.
"We identified RSK as the buyer that not only met John’s criteria perfectly, but also were in a position to buy at the point where TWPL had reached a pivotal point in its growth journey.
"This sale gives TWPL access to essential additional resources at RSK to capitalise on the rapid worldwide increase in demand for the business services it provides."
Woodhouse added: "Watersheds have worked alongside me for several years and have advised me and my colleagues very well through the intricacies of this deal so that we have been able to continue working as normal, minimising distractions.
"For a company like ours, whose work tends to come from reputation and word-of-mouth recommendations between major multinational clients, it’s essential that we can concentrate on our clients’ needs. So having Watersheds do all the heavy lifting for us was incredibly helpful.
"With the current TWPL workload, it was invaluable that the sale process was being handled by people with the expertise, experience and pragmatism that would produce a great deal for all concerned."
The lawyers for TWPL were Katharine Mortimer and Freya Still of RWK Goodman.
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