Stuart Hamilton

Soho Square Exits Investment in Churchill via Sale to Employee Ownership Trust Following 3 Years of Transformational Growth

Retrieved on: 
Tuesday, August 15, 2023
Professional Services, Finance, FM, Education, Culture, EOT, Employee ownership trust, Soho Square, Sale, Public sector, EBITDA, PWC, Stuart Hamilton, Growth, Principal, SME, Portfolio management, Nightclub, Winston Churchill

Since Soho Square invested in Churchill in 2020, the business has won considerable market share and undergone a period of significant organic growth, which has seen EBITDA almost double.

Key Points: 
  • Since Soho Square invested in Churchill in 2020, the business has won considerable market share and undergone a period of significant organic growth, which has seen EBITDA almost double.
  • This above-plan growth has enabled Churchill to fully exit Soho Square from its investment after a hold period of just three years.
  • The sale is to an EOT which sees the business return to full employee ownership.
  • Soho Square and Churchill were advised by Grant Thornton (corporate finance), Shoosmith’s (legal) and PWC (financial due diligence).