RVE is delighted to announce our latest deal – the last of 2020. RVE has successfully advised on the sale of Agulhas Applied Knowledge, to an Employee Ownership Trust (EOT).
Founded in 2003, Agulhas Applied Knowledge is a research and strategy consultancy focused on global challenges, with an international team based in London. With clients including Disasters Emergency Committee (DEC), Organisation for Economic Co-operation and Development (OECD), Save The Children, The European Union, The World Bank, Unicef, United Nations Development Programme and more, Agulhas works wherever there are pressing global issues.
The founders of the business considered various exit options with RVE before deciding that a sale to an EOT represented the best outcome for all the stakeholders in the business.
Discussions with Agulhas commenced prior to the first Covid-19 lockdown and the deal has completed just after the second such lockdown. This demonstrates that a business sale to an EOT is still possible, even in unsettled economic times. RVE has completed on seven such transactions since March, for companies across a wide range of sectors and sizes.