In the press: Bridges exits Babington Group for 33% return
Bridges recently sold the Babington Group, a leading UK provider of apprenticeships and traineeships, to RJD Partners for £22m, representing an internal rate of return for Bridges of 33%. We backed the business in 2009, as part of our Education and Skills impact theme. Since then, Babington has increased revenues eight-fold, while supporting over 32,000 […]
Bridges recently sold the Babington Group, a leading UK provider of apprenticeships and traineeships, to RJD Partners for £22m, representing an internal rate of return for Bridges of 33%.
We backed the business in 2009, as part of our Education and Skills impact theme. Since then, Babington has increased revenues eight-fold, while supporting over 32,000 learners and helping over 3,700 formerly unemployed people to find jobs.
The sale was covered by The Telegraph, who reported the deal in the context of the Chancellor’s recent promise to create three million quality apprenticeships by 2020.
The deal was also covered by a number of PE and trade publications, a selection of which can be found below.
Unquote (£)