Mon, 23 Apr 2012 | BUSINESS SALE
Children’s tuition centre business Explore Learning has been placed on the market as its investors look for a new owner to support expansion overseas, the Sunday Times has reported.
Its shareholders include Sir Peter Ogden, the founder of Computacenter, and the wealthy Weston family. Backers also include philanthropist Sir Peter Lampi and the Guardian Media Group.
Advisory firm Argyll Partners has been brought in to manage the sale process.
The deal value has not been made clear, but is expected to sit in the tens of millions of pounds. It is predicted that revenues of about £20 million will be reported this year for the business.
Explore Learning was set up by Bill Mills in December 2000, with its first centre being opened at Chelmsford almost one year later. It has grown rapidly and now has over 60 branches, with an intention to open another 250 sites in Britain.
Teaching mainly English and Maths with a low teacher-to-pupil ratio, the centre’s work is geared towards supplementing children’s learning at school.
A note on the website states Mr Mill’s vision for the centres: “He believes that confidence, enthusiasm and independence are as important as academic progress to a child’s development.”
Discover a unique opportunity to acquire an innovative e-retailer specialising in children's clothing, renowned for delivering cutting-edge brands and technologies.
A specialist builders’ merchant with a robust client base, boasting over 124 active clients with 80% providing repeat business. The business is supported by an experienced and dedicated workforce, ensuring smooth operations and high staff retention....
A business predominantly supplying niche floor treatments is exclusively being marketed for sale. Located in Essex, it is one of the largest suppliers in the UK and a dominant player in the South and South East.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.