27th December 2019
Dow Schofield Watts’ Corporate Finance and Transaction Support teams in Yorkshire & the North East have advised Operam Education Group on its acquisition of Key Stage Teacher Supply, a North West-based education recruitment agency.
The transaction follows the Barnsley-headquartered group’s acquisitions of Teachers UK and The Education Specialists earlier this year.
Following an initial £3.7m investment in February 2019, BGF has committed further funding to support the acquisition of Key Stage as it continues to back management’s buy-and-build strategy. HSBC has also extended senior debt facilities to help finance the deal.
Eddie Austin, chief executive of Operam, said: “This is a very exciting time for Operam as we welcome another business into our rapidly growing group. Key Stage Teacher Supply is a real industry specialist, with an excellent track record and reputation in the North West. Its footprint in the region will further build on our vision of creating a ‘Northern Powerhouse’ in education recruitment.
The Dow Schofield Watts teams were led by Sophie Colloby (Due Diligence) and Paul Herriott (Corporate Finance).
