Agency reveals Management Buy Out and names leadership team

The partners of high end agency and property consultancy Cluttons have announced the completion of a management buyout. 

James Gray continues as chief executive officer alongside Nicholas Potter who continues as chief financial officer, while partner John Gravett is promoted to the new role of managing director. 

Alan Froggatt, former chief executive for Europe at CBRE, has been appointed non-executive chair of the board with Catherine Spitzer, a former managing director of Bidwells, also appointed as a NED. A statement from the company’s new leadership says: “Their extensive contacts and collective experience of growth and organisational development bring extra insight and opportunities to Cluttons.“

TREUN Capital - which was used by the buy-out team - is a long-term private equity investor set up by industry specialists to assist mid-market businesses in what Cluttons calls “transformational growth journeys.” 

James Gray says: “The last few years have been pivotal for Cluttons in building a leadership position in the management, sustainability and connectivity driven activities of professionally managed estates, particularly within the dynamic and ever-growing national energy and digital infrastructure sectors. 

“The unique combination of digital connectivity and sustainability advice we provide is critical to the delivery of both Government and client net zero ambitions. Alongside our residential, infrastructure and workplace strategy expertise, these strengths enable us to create value for our clients at every stage of the property lifecycle and we will continue to leverage from them as a key part of our growth ambitions.”

John Gravett, newly appointed managing director, adds: “We have set our ambitions high but with the backing of TREUN Capital they are also realistic. We will continue to make key hires and our focused expertise and diverse client list continue to attract entrepreneurial leaders and ambitious professionals from competitors. 

“Many talented people, teams, and smaller businesses are seeking opportunities to be part of a modern full-service business that brings them closer to the big names in property and the issues that matter most to them. Cluttons is a refreshing alternative because we have size and depth, but we are also nimble and agile, allowing our people to grow and be part of one joined-up dynamic business.”

Since emerging from the pandemic, Cluttons says it’s seen revenue growth of 25 per cent to £25m, and took on a new sustainable in the City of London. In 2021, Cluttons launched a Northern hub in Manchester and has now signed a 10-year lease on premises.