Agilitas-backed LCG acquires Acorn

It is unclear whether the firm provided fresh equity from its funds to support the acquisition.

Agilitas acquired LCG in March 2020 for an enterprise value of £125-150m from MML Capital. The firm is currently investing from its Agilitas 2015 Private Equity Fund, which closed in 2017.

Agilitas declined to comment.

Company
Acorn is headquartered in Ripley, Derbyshire, and offers a range of study programmes and traineeships for young people. It also provides a variety of employment support programmes for people aged 19-65. Founded in 1996, Acorn operates in Derbyshire, Derby City, Nottingham and the East Midlands.

People
Agilitas – Liam Goddard (investment professional); Martin Calderbank (managing partner).
Learning Curve Group – Brenda McLeish (CEO).

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