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New Deal


Announced

Completed

Challenge TRG Group completed the acquisition of Phoenix Training.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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training courses

Acquisition

United Kingdom

Private

Outsourced HR and Staffing

Completed

Friendly

Single Bidder

Synopsis

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Challenge TRG Group, a logistics recruitment and distribution company which recently rebranded from Challenge Group following the acquisition of TRG Logistics earlier this month, acquired Phoenix Training, a UK-based training specialist. Financial terms were not disclosed. Tom Cropper, group CEO of Challenge TRG Group, said: “The resourcing market is becoming increasingly difficult and we believe that this strategic investment provides the group with further access and control over our supply chain and an ability to provide a seamless, end-to-end solution for our clients. The intention is to overlay Phoenix’s training services across our business, with a focus on developing and engaging our workforce, whether across industrial or driving sectors.”

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