July 15, 2024

Advancing Business Excellence

Pioneering Corporate Success

Strategy consultancy Stax opens new Central London office

As it enjoys rapid growth in demand, international consultancy Stax has opened a new office in Central London. The larger hub will allow for the firm to double its headcount in the UK by 2025.

Founded in 1994, Stax is a global management consulting firm which specialises in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks. The company has offices in Boston, Chicago, London, New York, and Colombo, Sri Lanka, serving corporate and private equity firms around the world. 

As Stax looks to plan for a new era of expansion in Europe, it has announced the opening of a new office in Central London. The move is the result of the firm having quickly outgrown its previous hub in the UK’s capital, having attracted notable clients across Britain and the rest of Europe. As Stax plans to double its headcount by 2025 to account for this rising demand, a new home has become an essential part of its continental designs.

Strategy consultancy Stax opens new Central London office

“It’s exciting to witness Stax expanding once again in London. As I lead our UK and EMEA growth strategy, we are keenly focused on strengthening our brand in the local market,” stated UK Managing Director Phil Dunne. “Team expansion is a key objective. As Stax broadens its sector expertise, we are actively recruiting at all levels with a special emphasis on strategic senior roles, particularly in healthcare and consumer verticals.”

Dunne took on the role of UK managing director in January 2024. Speaking at the time of his appointment, the former Roland Berger partner had said that his “primary objectives” were to “aggressively expand the firm’s sector teams at the senior level”, and to help leverage the “established brand equity in the US” to strengthen its presence in the UK and EMEA. Now it seems those intentions are coming to fruition.

He added, “Growing our headcount will enable us in London to provide our clients with a comprehensive portfolio of specialised experts spanning across technology, industrials, business services, healthcare, consumer and retail, and information services.”

Stax is currently celebrating its 30th year in business, and the expansion in the UK has therefore not gone un-noticed on the other side of the Atlantic. There, the proposition of a stronger Stax in the EMEA region is seen as an excellent opportunity to build bridges with clients looking to enter the North American marketplace.

“We’re excited to be closer to our London-based clients to better serve their needs,” explained Paul Edwards, a global practice leader with Stax. “We continue to deliver transaction advisory services to our extensive roster of US-based clients who are rapidly entering into the UK market, as well as our UK and EMEA-based clients expanding into the US market. By supporting both sides of this dynamic ecosystem, Stax is experiencing significant growth.”

Looking ahead, Edwards also noted that this was just the start of Stax’s European journey, and the firm planned to leverage its success in the UK to drive further expansion across the continent. He concluded this would be “fuelled by substantial growth in our European private equity engagements from clients who value our unique, data-driven advisory offerings.”