In a statement released this morning, Quilvest said its investment would enable Phaidon to use its global network to expand abroad, while Phaidon will remain focused on expanding its five brands into existing office locations following the deal.

Executive chairman Adam Buck, who founded Phaidon in 2004, will be stepping back from the group following Quilvest’s acquisition. 

Phaidon’s brands include DSJ Global, EPM Scientific, Glocomms, LVI Associates and Selby Jennings. The firm operates across 10 locations including London, Zurich, New York, San Francisco, Hong Kong and Singapore.

Financial terms of the transaction have not been disclosed.

Dechert provided legal advice to Quilvest Private Equity, while Rothschild and Travers Smith provided financial and legal advice respectively to Phaidon.

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