DSW Capital, the company which owns the Dow Schofield Watts professional services network, has backed a management buyout of Bridgewood, which employs a team of 14 in Nottingham.

The deal gives control of the firm to founder Robin Tarling and insolvency practitioners Andrew Smith and Tom Grummitt, while also providing an exit for its original investors. The value of the deal was not disclosed.

It will now operate as a member of the Dow Schofield Watts network under the name of DSW Bridgewood.

Tarling, who founded Bridgewood in 2010, is confident the transaction will secure its succession plan and bring a new dimension to the business.