Inspirit Capital announces acquisition of Babcock’s Civil Training business

UK-listed Babcock International has signed a legally binding agreement with UK-based investment firm, Inspirit Capital to divest part of its Civil Training business, a leading provider of apprenticeships and adult education in the UK. The transaction is expected to complete later this calendar year once certain completion conditions have been satisfied, including approval from the industry regulator.

Babcock’s Civil Training business provides apprenticeships and adult education services to a range of global, blue-chip clients, including FTSE 100 and 250 Companies. The business operates nationwide with a focus on the automotive, rail, nuclear, retail, hospitality and social care sectors and has around 560 employees. On completion the business will be rebranded to reflect its sole focus on high quality vocational training and its dynamism as a standalone organisation.

Inspirit Capital is a London-based investment firm that specialises in acquiring businesses that are no longer core to their parent company’s strategic objectives and require a different ownership structure to achieve their full potential.

Will Stamp, founding Partner at Inspirit Capital, says: “We are delighted to be investing in the Babcock Civil Training business, which highlights Inspirit’s capacity to undertake complex corporate carve-out transactions. The business has an enviable reputation and trusted relationships with many leading UK companies. We look forward to helping the business grow by deepening and developing relationships with these customers, both existing and new, who can be confident of working with a high-class training partner who puts an excellent learner experience at the heart of all they do.”

Inspirit was advised on the transaction by Houlihan Lokey (Corporate Finance), Mayer Brown International (Legal), Howden (Insurance), Interpath Advisory (Tax) and JacksonBreen (IT).

For further information, please contact:

Will Stamp, Partner, Inspirit Capital, wstamp@inspiritcap.com

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