YouGov’s Germany chief leads buyout of employee research unit
Schubert holds the controlling interest in the company post-MBO with the remaining shares taken by GPW Deutschland CEO Frank Hauser.
GPW was sold for £800,000 in cash. Revenues in the financial year to 31 July were £2.3m with profit before tax of £120,000.
Parent company YouGov will use the sale proceeds for working capital, according to a statement. CEO Stephan Shakespeare said the deal “allows YouGov to focus our attention in Germany on our core and strategic market research business”.
YouGov said a recruitment process was underway to find a new CEO for YouGovPsychonomics. Schubert had been in the role since August 2009 and had been a management board member since 2001.
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