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Sentio advises Frontline in relation to new equity investment

Ian Marwood of Sentio Partners has advised Andy Shuter, founder of Frontline Solutions, on the sale of his controlling interest in the business to its private equity partner CV6 Limited

CV6 initially took a minority investment in the Company in 2008. However, the identification of significant growth opportunities during the last financial year prompted the investment house to take a majority stake, with plans to reinvest in the business moving forward.

The investment also signals changes to the senior management team, coinciding with the company’s strategic growth plans. Joint managing director Martin Hill will become managing director with full UK day-to-day operational control, while Andy Shuter will assume a new role heading up Frontline’s global growth strategy and development in new markets. Shuter will also be dedicating more of his time driving his own charity the F&I Foundation, which supports promising sportspeople and athletes. Dr Mark Spink will remain in the role of Technical Director, with what is expected to be a significantly increased team.

Shuter commented: “The opportunities moving forward are immense. There comes a time when it becomes obvious that a business is ready to progress to another level. I look forward to the coming years with great anticipation and excitement, as the business now has everything at its disposal to progress quicker than ever before.”

A spokesperson from CV6 commented: “Andy has built a business which has a superb product and reputation, and one which we are proud to have worked closely with since 2008. We have recognised opportunities in the market moving forward, and the greater investment will facilitate an injection of skillsets, as well as further development of Frontline’s systems. The changes will allow both potential and existing customers to experience an ever-improving service offering, and the company itself to undergo the next stage of its expansion.  Andy remains an integral part of our global strategic team, and with Martin Hill’s knowledge and capability, the industry should be expecting great things of Frontline Solutions.”