LG back to school in Adult Learning sale

  • mar. 2007

In a deal negotiated by Livingstone Guarantee, Sheffield Trainers
Ltd (“STL”) a leading regional provider of
apprenticeship and adult learning has been acquired by private
equity investor Sovereign Capital for an undisclosed sum.

Principal STL shareholders Adrian Holmes, Managing Director and
Michelle Rigby, Operations Director, appointed LG to assess their
various strategic options having received an unsolicited approach
for the business.

Livingstone Guarantee introduced the opportunity to Sovereign
Capital, who had already invested in the sector, and negotiated a
deal ensuring Adrian and Michelle retain a stake in the business
and continue to manage the business on a day-to-day basis.
Established in Sheffield and with a regional network of offices
serving Nottinghamshire, Derbyshire and South Yorkshire, STL
employs over 170 people. The investment by Sovereign Capital will
provide access to new capital to enable STL to make the leap from a
regional to national training provider.

Alex Sheffield comments: “Sheffield Trainers will now
be able to embark on a significant period of expansion that will
produce a network of training centres across the U.K. offering
training and Government apprenticeships”.

Earlier in 2006, LG negotiated the £10 million
sale of Hotel and Catering Training Company (HCTC), the largest
private sector provider of Government funded vocational training in
the hospitality and catering industries.

Alex pointed out that the Sovereign Capital investment came at a
time of considerable consolidation within the sector – a trend
he did not see diminishing. “There are many more
successful companies like STL and HCTC across the country and a
substantial number of them could be candidates for

Simon Cope-Thompson, Partner
Tel: 020 7484
Email: simonct@livguarantee.com

Alex Sheffield, Director
Tel: 020 7484 4734
Email: alex.sheffield@livguarantee.com

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