Sale to Primary Capital Partners

Technology & Services
Sale to Primary Capital Partners

Summary

Baird served as the exclusive financial adviser to ICS Learn and the shareholders on this transaction

About

ICS Learn (or the “Company”) recently completed a management buyout by Primary Capital Partners (“Primary”). The sellers comprised a syndicate of Scottish investors assembled by Par Equity including entrepreneurs Angus MacDonald and David Alexander. Terms of the transaction were not disclosed.

ICS Learn is a leading online professional education platform offering learners flexible courses, accredited by industry-leading membership bodies, in accounting, fitness and human resources, as well as A-levels and GCSEs. The Company’s client base includes companies such as Arnold Clark, McDonalds, NHS 24, Royal Bank of Scotland and Volkswagen. ICS Learn is headquartered in Glasgow, the United Kingdom.

Primary is an independent private equity firm which invests in middle-market management buy-outs and buy-ins in the United Kingdom. With offices in London and Manchester, Primary works closely with management to develop their business by providing long-term financial resources and strategic support over a three to seven year period. Primary is headquartered in London, the United Kingdom.

Par Equity is a venture capital investor focused on businesses with global ambitions, and innovative technology at their core. Since 2009 it has invested over £50 million in 45 growth companies and has achieved a number of profitable exits for investors. Venture capital is a hands-on process, and where technology is involved, industry knowledge is essential. Par Equity’s model integrates the insights and experiences of industry insiders into every facet of the investment process and, because these people are investors, their interests are closely aligned with Par Equity’s managed venture funds. The investor network also provides a pool of individuals who can work with entrepreneurs to help them overcome the challenges that are frequently encountered in building high-growth companies. Par Equity is headquartered in Edinburgh, the United Kingdom
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Technology & Services
Sale to Primary Capital Partners
Date
May 2018
Company
ICS Learn
Transaction
M&A
Sectors
Technology & Services
Target Location
Europe
Acquiror Location
Europe

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