The Board of PIR International, a leading provider of executive search and interim services to the global life science industry, today announced the finalisation of an MBO with the executive team of the business, Sally Hope, Stuart Penney, and Tom Bradley, who will acquire the majority of shares from the founder, Carolyn Douthwaite.
Carolyn founded the business in 2006, initially focused on the provision of senior interims to major life science companies. Since then, the range of services has evolved, in line with client demand, and particularly the growth of the services to early stage, investor backed biotechs. This has resulted in a highly regarded brand, renowned for quality and market insight, delivering executive search and interim management services to its international clientele.
Sally Hope, Managing Partner, commented “We are excited for this next evolution of PIR International. Carolyn’s vision and passion has built a strong and growing business.”
“Tom, Stuart and I will, in concluding the MBO, continue to consistently deliver outstanding service to clients and grow PIR International with our exceptional colleagues. We pride ourselves on being seen as a trusted partner to our valued biotech and life science clients in this ever so important field, supporting their growth and success, and contributing towards the global life science community.”
Commenting on the MBO, Carolyn said “I am thrilled that we have concluded a successful MBO which enables the Directors, Sally, Stuart and Tom to lead the business to its next stage of growth and success. They are well known and respected by Boards and Investors across the industry. My colleagues have boundless commitment to the business and the sector we serve. I know they will continue to support Boards to build outstanding companies in the life science space.”
Carolyn continued “I would particularly like to thank Sally, who has been such a strength over many years as we have gone through our journey together. Her tenacity, steadfastness and determination are the backbone to the company.”
Maureen Coleman, Chair of PIR International said “It is very much business as usual. The team remain the same delivering the same expert service they always have. Now that the executive team own the business, we are ready to accelerate PIR International’s planned growth and expansion.”
About PIR International
PIR International bring over 100 years of combined Life Science Executive Search and Interim Search experience partnering with the worlds most exciting scientific, clinical and healthcare businesses.
We place the utmost importance in acting as a catalyst for creating a better, healthier and happier world for all. The Life Science ecosystem and its people form a critical mass of momentum, pushing the boundaries to improve the health and wellbeing for the global population.
We believe our role at PIR International is fundamental to achieving that positive momentum, helping our clients reach their milestones through hiring the best executive leadership and board level talent the industry has to offer worldwide. www.pir-intl.com