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.
This well established and successful plastics recycling business which operates as a partnership is one of the largest and most significant recycling businesses in the south of England, with a well-earned reputation for the breadth of its services an...
Good track record of sales across 70 countries, including the USA, with the product proving a popular attraction in the Leisure, Tourism and Corporate Entertainment sectors. Fully owned, protected technology: with no like-for-like competitor product...
Established Since 1998 the business has become highly reputable and well known in its surrounding areas. Additionally holds a commercial customer base. Offers invited.
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources