Corbett Keeling advised QX Global Group (“QX”) in securing a growth investment exceeding £100 million from Long Ridge Equity Partners, a New York-based private equity firm. The investment was a critical step towards accelerating QX’s growth, targeting $1 billion in revenue by 2028.
This transaction marked the exit of founders Chris and Cath Robinson, who received 100% of their cash proceeds upon completion. Frank Robinson, who was CEO at the start of the deal, retained a partial stake and transitioned into the role of Executive Board Director, ensuring continuity. Pom Chakravarti, the CEO-elect, stepped into the CEO position upon completion, facilitating a smooth leadership succession for the company.
As part of the transaction, QX brought additional employees into equity ownership, and several critical employees increased their stakes in the business. This strategic shift was designed to ensure long-term alignment between key stakeholders and the company’s ambitious growth trajectory.
