Mike Tait is an international chairman with 23 years’ experience in building or turning around private equity backed companies. Mike has worked with many leading names in private equity such as 3i, Electra Europe, Sovereign Capital, Advent International and Milestone Capital, and banks such as RBS, Hambros and Investec.
Most recently, Mike was chairman of 23.5 Degrees, the leading UK Starbucks franchise network where he presided over a period of considerable growth to 40 stores and DriveThrus and the achievement of considerable growth in revenues and profits.
Previously, Mike, with his management team, developed Coffee Nation to a network of over 900 sites across the country with Tesco, Welcome Break, Sainsbury, Moto and other big retail names, and created and led the sale of the company to Costa Coffee for £59.5m.
Previously Mike led as executive chairman, the turnaround and development of Claims Management Group, a leading Lloyds and London Market insurance services company, and subsequently sold the business to Capita Group Plc for £32m.
In addition to his entrepreneurial work, Mike has a strong corporate background. He was Vice President & General Manager, Europe-Africa for Unisys Corporation, the world’s second largest computer company and built a £500m Europe-Africa IT business. Under Mike’s leadership, Unisys became one of Europe’s leaders in UNIX and distributed systems. Mike was a key member of the Europe-Africa Executive Board.
Mike has also held senior management posts with Digital Equipment Corporation, Tesco Stores, RHM Foods and Argos.
Mike was originally trained as a mechanical and production engineer with Rolls-Royce and Pye/Philips.