KLA Management Buy-Out Signals an Even Better Partnership with Client
KLA, with its offices in Johannesburg, employing 30 people provides customised research solutions for customers across South Africa and the African continent, across a broad spectrum of sectors including Financial Services, Telecoms, Retail, Automotive and FMCG.
The management buy-out team has worked together at KLA for 8 years and is made up of Managing Director, Steph Matterson, who has been with the company for 20 years, New Business Solutions Director, Jenni Pennacchini and Quantitative Research Director, Caitlin Bauristhene. The deal was completed with the support of Metier Investment and Advisory Services, assisted by private equity specialist, Paul Botha.
The deal has allowed the business to defend their distinctive approach to research, and will help to support the management team’s future growth strategy. According to Ms Matterson, “Our customers value our ability to design the solutions they need in an innovative and agile way and benefit from our long-term partnership approach. We expect to see continued demand for our capabilities in South Africa and the rest of Africa.”
The change in ownership has not influenced KLA’s Level 2 BEE Status.