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December 2018 edition

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The Assignment Report Events

Making a difference - Maximising learning outcomes and improving workflow in schools

14 February 2019, 13.45 to 17.45, Ironmonger's Hall, London

Confirmed panellists include: Steve Burnett, Managing Director, RM Education; Andrea Carr, Founder of Rising Stars; Paul Charman, Managing Director, FFT Education; Richard Marett, CEO, Whizz Education; Amanda Peck, Executive Director Marketing, Professional Group, McGraw-Hill Education; Josh Perry, Director, Assembly; Ian Rowe, Business Development Director, GCSEPod; and, Dan Sandhu, CEO, Sparx.

Paul Howells (CEO, Eteach Group), Julian Drinkall (CEO, AET) and Rupert Barclay (Managing Partner, Cairneagle)

NVM exits Develop Training; Close Brothers invests in Protocol Skills; MBO of TSW Training

publication date: Feb 1, 2008
author/source: Ed Tranham

NVM Private Equity has sold its stake in Develop Training Limited (turnover circa £16m) to Barclays Ventures and HSBC through a £15m secondary buyout. The technical skills training provider to the utilities and infrastructure industries was created in early 2006 following a de-merger from the Longhirst Group. NVM continues to invest in the Northumberland-based Longhirst Group.

This exit follows on the heels of Close Brothers Private Equity’s £46.5m autumn investment in vocational skills training company Protocol Skills (turnover £35m). Protocol Skills provides apprenticeships and NVQ training to around 15,000 learners each year primarily in the retail and hospitality sectors. Protocol Skills is a subsidiary of the Protocol Group which also includes IT training and education recruitment businesses.

In a much smaller deal, Finance Wales has funded the management buy-out of one of Wales’ longest-established work-based learning organisations, TSW Training Limited. The employees secured more than 40 per cent of the funding required for the deal from Finance Wales, a provider of commercial funding to SMEs in Wales, with additional investment coming from the Co-op’s Community and Co-operative Finance fund and Barclays Bank, as well as from the employees.

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