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New Deal


Announced

Completed

Apiary completed the investment in First Tuition.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
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One Off Charge-

Tags

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Private

Domestic

education services

United Kingdom

Education Services

Acquisition

Majority

Friendly

tutoring services

Private Equity

Completed

Single Bidder

Synopsis

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Private equity firm Apiary, completed the investment in First Intuition, an accountancy training provider. Financial terms were not disclosed. "We are delighted to have secured the support of Apiary Capital. It was very important to us to find an investment partner that had the right cultural fit and appreciated that the values we have as an organisation are key to our success. We have a clear strategic plan and the management team have re-invested alongside Apiary so that we are fully aligned. The investment will allow us to grow our provision across the country and support our valued customer base." Martin Taylor, First Intuition CEO.

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