Architects make promotions amid growth capital fund raise

Billy Xiong Trend Report: Architects make promotions amid growth capital fund raise

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Architects make promotions amid growth capital fund raise

Birmingham-based Glancy Nicholls Architects has made four internal senior promotions as part of a growth capital fund raise and shareholder realignment.

Martin Beaumont, Lisa Deering, Simon Jesson and Adam McPartland have been promoted to equity directors, joining founders Lyndon Glancy and Patrick Nicholls, along with Paul Hutt and John White, on the board.

The value of the growth capital fund raise has now been disclosed.

Based in Birmingham’s Jewellery Quarter, the company was established in 2004 and now employs more than 70 people.

Its projects include One Eastside Tower, the tallest residential tower to be built and occupied in the city.

Glancy, who set up GNA with Nicholls 15 years ago, said: “The past 12 months alone has seen GNA appointed on some ambitious and high-profile projects throughout Birmingham and across the Midlands, including being the master plan architects for the inner city regeneration project at Perry Barr, together with a number of major private and public sector initiatives.”

Nicholls added: “We see the transaction as part of moving into our next chapter of growth as we take on more projects both locally and across the UK.

“Welcoming four more talented individuals onto our board of directors is central to this growth.

“Each one brings a strong skill set that we have long-valued at GNA and will help shape the future of the company.”

Deering said: “I and the rest of the management team are looking forward to joining the board and continuing to deliver high quality projects across all sectors for our clients in the Midlands and the wider UK.”

Keystone Partners provided corporate finance advice to the shareholders while Freeths gave legal advice to the management team.

Fieldfisher provided legal advice for the shareholders, Claritas provided tax advice for the company and the shareholders and Thincats funded the transaction.

Mazars provided financial due diligence for Thincats and Irwin Mitchell provided legal advice for the funder.

Jonathan Cartu

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