The Hotel and Catering Training Company (‘HCTC’), the
largest private sector provider of Government – funded vocational
training in the hospitality and catering industries, has been sold
by ECI Partners (‘ECI’) and management to VT Group plc
(‘VT’) in a £10 million deal.
ECI backed an MBO at HCTC in mid-1998, providing both Board and
operational support, enabling HCTC to increase revenues and expand
its market share by securing business from many of the largest
employers in the sector. With the board and management team keen to
significantly expand the business further, Livingstone was asked to
assess the strategy for the future development of the business
– a task that resulted in the identification of VT as a
possible partner for the business. Thereafter, Livingstone advised
the shareholders and assisted in the negotiations with VT.
Alex Sheffield, director at Livingstone, says: “The
combination of HCTC’s business with VT’s existing
hospitality training business makes excellent sense for both
companies, creating the UK’s largest private training
provider in the sector”.
HCTC is based in London, with 21 offices throughout the UK. The
company supports approximately 8,000 learners a year to achieve
valuable vocational qualifications and skills. Revenues for the
year to July 2005 were c. £14 million.
Simon Cope-Thompson, partner at Livingstone adds: “We
are delighted to have worked with ECI and the excellent management
team at HCTC on this important
Alex Sheffield, Director
Tel: 020 7484 4734
Simon Cope-Thompson, Partner
Tel: 020 7484 4706