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We have one of the largest Non-Exec databases in the UK, supported by discreet executive search and focused advertising which allows us to identify the most appropriate candidates and turn around projects rapidly. Our clients therefore enjoy the benefits of a fast and specialised service with competitive fees, reflecting our efficiencies. We have placed over 100 Non-Execs into 80 companies.
Additionally, we put together Management Buy-In (MBI) teams often including Non Execs to facilitate an exit strategy for a company owner looking to retire. We have recently completed 6 MBI transactions in the £1-6m range with a total enterprise value of £15m. First Flight is increasingly being recognised by vendors’ advisors as an immediate option when building their list of viable purchasers of businesses.
NON-EXECUTIVE DIRECTORS
Our Non-Executive Director candidate database includes successful entrepreneurs and directors of blue-chip companies such as American Express, Boots, Motorola, Ladbrokes, WHSmith and Pepsicola. These different candidates all possess business drive, excellent contacts, experience and energy. Our placements to date have covered most industries from a city based Hedge Fund to an electric car company based in Oxford.
INVESTING NON-EXECUTIVE DIRECTORS
First Flight pioneered the concept of investing NEDs. As well as strengthening the Board, raising the profile and providing experience and contacts to smaller companies they are also a great asset when a company wishes to accelerate their growth or raise funds. To date, we have completed 70 projects where candidates have invested £4 million.
The appointment of a Non-Executive Chairman and/or Non-Exec Director with a successful business background helps to increase the credibility and profile of a company. It is a powerful alternative to a consultant, providing a valuable, affordable resource.
MANAGEMENT BUY-IN (MBI) / BUY-IN MANAGEMENT BUY-OUT (BIMBO)
First Flight operates exclusively on the “Buy Side” of MBIs and our team has over six decades of experience in mergers and acquisitions. As such, we are able to advise and structure MBI &/or Buy-In/Management-Buy-Out (BIMBO) projects efficiently and effectively offering a full Corporate Finance lead advisory service to buy-side candidates.
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