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.

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