One of the UK’s most successful entrepreneurs has teamed up with a leading corporate lawyer and a technology startup PR specialist, to launch Full Circle Partners – a firm advising high growth companies on how to “fund, scale and exit”.
Michael Welch OBE, founder of Blackcircles.com, the UK online tyre retailer sold to Michelin in 2015, Paul Jarman-Williams and Nick Freer are founding directors in Full Circle Partners. The Edinburgh-based firm that will support ambitious early to later stage ventures, working alongside executive teams and existing advisers to promote strategic growth and achieve exits.
“Having gone through the process of engaging with venture capitalists with a view to funding my own business and then ultimately selling it to Michelin, I realised there was a gap in the market for a firm like Full Circle and that was the genesis of what we are announcing today,” said Welch.
“To have guys like Paul and Nick who have been there and done it in legal and PR terms around major M&A deals and funding rounds means we have a breadth of skills in one offering that we know is going to be of great appeal to high growth companies that are planning their next phase of growth including transformational transactions.”
Full Circle’s investor and operational contacts span the UK, Europe, Asia and the US and the firm aims to enable international expansion and help build the investor base across its portfolio.
Paul Jarman-Williams, formerly of leading M&A firm, Dickson Minto, brings experience of advising tech startup pureLiFi around fundraising including its series B round led by Singapore sovereign investment fund Temasek, craft brewer Innis & Gunn’s oversubscribed £2.4m equity crowdfund with Crowdcube in 2016 and the 2015 sale of Blackcircles.com to Michelin.
Nick Freer spent time with Europe’s top corporate communications agency Maitland in London before setting up the Freer Consultancy. He also advised Blackcircles.com in the run up to the acquisition by Michelin and handled media relations for Skyscanner around the $200m investment by Silicon Valley venture capitalist Sequoia in 2013.
Welch is also the chair of fashion tech startup Atterley.com and is a strategic adviser to fast-growing US tire retailer, SimpleTire.com.
Pictured (L-R) Paul Jarman-Williams, Mike Welch and Nick Freer. Picture: Stewart Attwood.