Capita acquires specialist e-learning business, Creating Careers
19th June, 2013
LAW firm Ward Hadaway has been involved in a transaction which sees Capita plc acquire specialist online learning company, Creating Careers Ltd, for an undisclosed sum.
Creating Careers provides learners who have been disengaged from traditional education techniques with a route to accredited, nationally-recognised qualifications.
BTG Corporate Finance in Newcastle provided lead advisory to the management team at Creating Careers Ltd on the deal that was also advised by lawyers from Ward Hadaway’s North East office.
Creating Careers has been developing and supplying accredited e-learning solutions to the further and secondary education sectors for 13 years through its vision2learn product suite.
Designed to increase attainment of school and college learners, the company offers a range of subjects including both vocational courses and more traditional qualifications, such as GCSEs.
Its accredited products can be provided via distance learning, in partnership with further education colleges, or directly with schools.
Neil Moult, Creating Careers’ CEO, commented: “Creating Careers’ exponential growth over the last two years is testament to the services and products it offers.
“As part of Capita, the business will be able to offer new services to clients and enhance the existing offering. We’re looking forward to the exciting times ahead and are committed to continuing to provide existing customers with the added value service they currently receive from us.”
Creating Careers, based in Newcastle upon Tyne, employs approximately 95 staff. The existing management team will remain with the business.
BTG Corporate Finance partner Shawn Bone, who led the transaction, said: “Creating Careers is a great North East business. Throughout the process of pulling this deal together we have been impressed by the management team led by CEO Neil Moult and their strategy in this sector.
“Capita is the perfect partner going forward and will help accelerate the growth of Creating Careers, and we look forward to seeing the business expand further with the increased reach and resources now available to the business it is clear that Creating Careers has a very exciting future.”
Ward Hadaway Corporate Partner Robert Thompson, who led the firm’s team advising on the transaction, said: “We are delighted to have assisted the team at Creating Careers Ltd on the successful sale of the company to one of Europe’s leading support services groups.
“We wish Neil and the rest of the team at Creating Careers the very best for what promises to be an exciting future for the business.”
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