News
Cavendish advises on QA-IQ deal - Named as a 'Deal of the Year' by ACQ magazine for 2007
5 June 2007Cavendish Corporate Finance is delighted to have advised QA-IQ, the leading learning services provider, on a landmark agreement partnering with private equity firm, Englefield Capital.
The agreement will provide QA-IQ with significant resources to continue developing the organisation's growth strategy. Investment in new curriculum areas and learning services, achieved through both organic development and an acquisition strategy, will broaden the customer offering.
The existing management team will continue to lead the company through the next phase of development and there will be no changes to the day-to-day operations of the company.
QA-IQ was formed in June 2006 through InterQuad Group Limited's acquisition of QA plc, creating the UK's largest provider of IT training services and solutions.
QA-IQ works with organisations throughout the UK and beyond to transform business performance by developing the knowledge, skills and attitude of their staff. The company's broad offering of services includes a comprehensive range of technical, project management and personal development skills courses, through to bespoke learning programmes and training services.
Englefield Capital is an independent private equity firm with committed equity funds of €1.76 billion making investments in buyout and development capital. The firm targets equity investments of €30 million to €150 million in Middle Market companies across Europe. Englefield's ethos is to invest and work in promising market sectors with strong and entrepreneurial management teams like QA-IQ for whom they provide additional financial resources and commercial expertise.
[Raymond Fagan], lead Cavendish Director on the deal, commented:
''We were very pleased to work with the management and help the shareholders of QA-IQ find the right investor partner to ensure its continued development. It is very satisfying to work with such an ambitious and professional management team.''
Chris Martin, Executive Chairman commenting on the work done by Raymond said ''Thanks for your counsel and all you did to find this partner and bring in the deal. ''
Cavendish contacts for further information:
[Raymond Fagan], Director