Clearwater International has advised the management of Babington Business Limited (Babington) on the MBO backed by RJD Partners LLP (RJD).
Based in Derby, Babington provides apprenticeships and skills training to learners and employers from its ten training centres across the UK. Babington specialises in providing training in the fields of accounting, finance, and business administration, together with high growth subject areas such as digital media and marketing.
RJD is an independent private equity investor focused predominantly in the services and leisure sectors in the UK. Having taken a majority stake, RJD is looking to build on its track record of investing in training and talent management businesses.
RJD will work alongside the Babington management team, led by Carole Carson, to grow the business and expand its reach in the skills and training market.
Clearwater International advised the Babington management team, led by partner Paul Newell and supported by director Rob Burden, associate director Mark Maunsell and associates Mark Lawrence and Thanos Hadjiantonis.
This deal follows RJD’s recent sale of upmarket holiday park operator Verdant Leisure to Palatine Private Equity, which was also advised by Clearwater International.
Alex Hay, Partner, RJD Partners
Adrian Fantham, Finance Director, Babington Group
Paul Newell, Partner, Clearwater International