Lygon Group

Chairman

Our client was a senior lending Syndicate of more than 60 banks led by two of the UK’s leading banks. The Syndicate controlled a well known UK housebuilder with a strong market position that had taken on too much debt under previous private equity ownership. A debt for equity swap and financial restructuring had stabilised the business.

The Role
  • The investors required a new Chairman to lead the Board.
The Requirement
  • An urgent requirement to appoint a Chairman who could act as a bridge between the controlling banks and the management team, safeguarding the interests of investors, creating equity value and guiding the business towards a successful exit.
The Solution
  • Three highly qualified chairmen were presented within one week. A Chairman with extensive transformation and exit experience and exposure to construction/housebuilding was appointed.

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