The partners of residential and commercial property consultancy Cluttons have completed a management buyout.

Private equity investor Treun Capital has been enlisted to advise Cluttons on “fully unlocking” its 220-staff residential, connectivity, workplace, and sustainability businesses.

The management buyout marks the end of the strategic property consultancy’s relationship with previous investor Rcapital which backed a restructuring of the business in 2017.

Under the new ownership, James Gray continues as chief executive and Nicholas Potter continues as chief financial officer, while partner John Gravett is promoted to the new role of managing director.

Alan Froggatt, former chief executive for Europe at CBRE, has been appointed non-executive chair of the board with Catherine Spitzer, ex-managing director of Bidwells, also appointed as a non-executive director. The teams said the duo’s contacts and experience of “growth and organisational development bring extra insight and opportunities to Cluttons”.

Treun Capital is a long-term private equity investor set up by industry specialists to advise mid-market businesses. They invest equity to advise leadership teams looking to grow faster and with more certainty.

The Cluttons team said it selected Treun Capital as its investment partner for its “track record in long-term growth investment and because their values are closely aligned”.

James Gray, CEO of Cluttons, said in a statement: “The last few years have been pivotal for Cluttons in building a leadership position in the management, sustainability and connectivity driven activities of professionally managed estates, particularly within the dynamic and ever-growing national energy and digital infrastructure sectors.

“The unique combination of digital connectivity and sustainability advice we provide is critical to the delivery of both government and client net zero ambitions. Alongside our residential, infrastructure and workplace strategy expertise, these strengths enable us to create value for our clients at every stage of the property lifecycle and we will continue to leverage from them as a key part of our growth ambitions.”

Cluttons’ management and strategic consulting focus reported revenue growth of 25% to £25m in its most recent full year results.