Private equity-backed MBO at Bristol training firm

Tue, 21 Jun 2016 | MBO/MBI

A Bristol-based UK training group, which provides services for Bupa, Greene King and Pizza Express, will be subject to a management buyout (MBO) backed by Silverfleet Capital, reports Insider.

The private equity backing from Silverfleet Capital will be invested alongside the existing senior management team at Lifetime Training Group. Alex Kahn will remain as the training firm’s chief executive, while Simon Withey will be appointed as chairman to support the company’s growth.

The company, which provides training courses to UK businesses in a variety of different sectors, was founded in 1995 by fitness instructor Heather Frankham. The training firm counts among its public and private sector clients well-known companies such as Bupa, Greene King, Fitness First, Marstons, Mitchells & Butlers, Pizza Express and a number of NHS trusts across the country.

Mr Khan said of the MBO deal: "As the market continues to evolve there are exciting opportunities ahead for Lifetime Training. With the experience, strategic direction and active support of the Silverfleet Capital team, we look forward to entering a new phase, which will see us growing our proposition and extending our services and the value we offer to our clients."

Adrian Yurkwich, a partner at Silverfleet Capital, said of his company’s backing for the MBO: "Lifetime Training is a market leader with a strong management team led by Alex Khan and a first class reputation for quality and professionalism. We are excited by the prospect of working with Simon, Alex and the wider management team to take Lifetime Training to the next level.”

Lifetime Training Group filed pre-tax profits of £8.8 million and a turnover of £43.4 million in the financial year to 31 July 2015.

Are you still searching for the right business to buy?

For more information on buying strategies, see what to look out for when buying a business.


Share this article



Latest Businesses for Sale

Airport Demand & Capacity Consultancy
South East, UK

The Company provides the airport industry with a wide range of capacity and demand consultancy services. The company can analyse, model, forecast and optimise the flow of people, baggage and vehicles throughout the airport environment, from airside t...

Asking Price: Offers Invited
Turnover: £1,309,000

Construction Company
Leeds, West Yorkshire, Yorkshire and the Humber, UK

Highly profitable Family Run Business, that has been in the same hands for over 20 years. Operating out of Leasehold premises the business is easily relocatable, many of the subcontractor workforce has been working with the company for many years. Of...

Asking Price: £1,900,000
Turnover: £1,709,427

LEASEHOLD


Phone & Computer Sales & Repair Business
Liverpool, UK Wide

This is a very exciting high end opportunity with many different income streams from phone, computer, tablet sales and repairs. The business has been trading for 8 years and enjoys a substantial turnover which is derived from shop sales selling phone...

Asking Price: £580,000
Turnover: £390,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

 
13
 
Nov
 

Brighton energy firm appoints administrators | ADMINISTRATION

Brighton-based utilities company Toto Energy has gone into a...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources