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Hazlewoods Corporate Finance team has advised on the successful £18.1m management buyout of Smart Numbers Ltd by YFM Equity Partners.
The YFM backed buyout secures the future of this fast-growing Southampton-based communications company.
Scott Woolaway, who founded Smart Numbers in 2005, has been at the helm for almost two decades and will continue to hold a significant shareholding in the business.
Initially, the company provided small business owners with trackable inbound phone numbers that could be placed in advertising.
Smart Numbers has since evolved into an Ofcom-registered telecoms reseller and Google Partnered digital marketing business.
Rich Grover, Hazlewoods corporate finance director, said: “Scott has been a long-standing and valued Hazlewoods client, and it has been an absolute pleasure to help him with this transaction. He is a dynamic and enthusiastic person, who has built a successful business. Along with the whole Hazlewoods team, I look forward to seeing both the business and Scott personally achieve greater successes over the coming years.”
Woolaway added: “Having worked with Hazlewoods for over a decade, Rich and his team were always the trusted advisors we were going to instruct. Rich proved to be invaluable to me, always available to answer questions, providing clear, straightforward advice and the perfect partner to lead us through the process. I wholeheartedly recommend Rich and the wider Hazlewoods team to anyone seeking corporate finance representation or selling their business.”
