Teaching Personnel, one of the UK’s leading teacher recruitment agencies, has been sold to private equity house RJD Partners in a deal advised by Clearwater Corporate Finance.
Paul Newell and Martin Poole of Clearwater’s Midlands team advised Barclays Private Equity (BPE) and the existing management in the deal which was also backed by Yorkshire Bank.
Teaching Personnel supplies teachers, teaching assistants and nursery nurses to schools in England and Wales and is the fastest growing operator in the market. Based in Welwyn Garden City, the company employs 133 people and had a turnover in 2006 of £32.5 million.
A management buy-out in 2001, the business has grown rapidly in recent years under the leadership of Mark Weavis, who joined Teaching Personnel in 2002 and was appointed as managing director in 2004.
Teaching Personnel now has a network of 24 local branches in addition to a small call centre at its headquarters.
The company has developed market leading operational and management systems in addition to developing a team culture unique within the very competitive recruitment market. It has also created a partnership model with Local Education Authorities in Ealing and Hounslow, which has led to a significant increase in bookings, and savings to the customer schools.
Paul Newell of Clearwater said: “Teaching Personnel has undergone enormous change under Mark Weavis and the rest of the management team, and with the support of Phil Griesbach of BPE. The business has been turned around, and has developed into a dynamic, professional and successful company with a very bright future. This deal will provide it with continued support as it pursues opportunities for further expansion.”
Mark Weavis commented: “Teaching Personnel has formed a solid niche position as the most quality conscious teacher supply agency in the UK. We are securely rooted in a team culture where all staff are devoted to servicing our schools and teachers as effectively as is humanly possible. Now that our branch network is firmly established we are looking to continue to increase market share through consistently impressing teachers and schools with the quality of our service.”
Peter McClintock and Sara Woodward from the Birmingham office of law firm Hammonds advised the vendor.
Vendor due diligence was carried out by BDO Stoy Hayward and AMR International.