Midlothian Capital Partners completed the acquisition of HB Education Limited, the holding company for PGL an outdoor education and study travel group, from Cox & Kings, the longest established travel company in the world, for £467m. “This transaction follows our recent acquisitions of Dobbies Garden Centres and Park Leisure and further demonstrates the strength of our network and operating model, as well as our ability to build close relationships with principals. PGL/HB Education adds another highly relevant and customer-focused business to our portfolio – crucial attributes within a rapidly changing consumer sector,” Andrew Bracey, MCP founder.