Graphite Capital buys Teaching Personnel from RJD Partners
Graphite Capital has backed the £45m secondary buyout of teacher recruitment specialist Teaching Personnel from RJD Partners.
Graphite acquired a significant majority stake and the management team re-invested a substantial proportion of its proceeds in the business.
RJD backed the £24m management buyout of the company from Barclays Private Equity in July 2007. This is the first exit for RJD's second fund, RJD Private Equity Fund II, giving the firm a 3x return on its original investment.
Teaching Personnel supplies teachers, teaching assistants and nursery nurses to 4,000 primary and secondary schools in England and Wales.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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