Clearwater International advises on Babington Business Limited MBO

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.

“We believe the business is exceptionally well placed to benefit from the recently announced Apprenticeship Levy, as employers, learners and Government all increasingly focus on training providers, such as Babington, which offer high quality and relevant training courses. We are delighted to be partnering with Carole Carson and the strong management team to help develop Babington to its full potential, through our ‘enhance and expand’ growth methodology.”

Alex Hay, Partner, RJD Partners

“The experience that Clearwater International brought to the table was invaluable, as was their guidance through the process. We felt very confident in the team’s dedicated approach and we are delighted with the outcome achieved. The investment from RJD will help us further strengthen our position within the apprenticeship and vocational training market and grow the business further.”

Adrian Fantham, Finance Director, Babington Group

“We’re pleased to advise the excellent management team of Babington, led by Carole, on the MBO. The investment offers the company the opportunity to grow to another level and increase its presence in the exciting apprenticeship and training market; we wish RJD and the team all the best in taking the business forward.”

Paul Newell, Partner, Clearwater International