Palatine invests in Trade Skills 4U

The deal is the first investment made from the GP's impact investment fund, which held a first close on £50m in December 2016, with a £75m target and a £100m hard-cap.

Financial details of the transaction remain undisclosed, though the vehicle makes investments of £1-10m.

Following the transaction, Trade Skills 4U will undertake a nationwide expansion strategy and look to open a number of new training centres. The business most recently opened a new centre in Warrington in 2016.

As part of the deal, former Interserve chairperson, managing director and international board director Robert Vince will join the Trade Skills 4U board as a non-executive director.

Company
Founded in 2005 and headquartered in Crawley, Trade Skills 4U provides electrical training courses, including apprenticeships. The company also offers specific courses for ex-military and police force applicants, including occasional free and discounted training to injured soldiers or those struggling to adapt to life outside the military.

People
Palatine Private Equity – Beth Houghton, Zoe Clements (partners); Matthew Coles (investment manager).
Trade Skills 4U – Carl Bennett (executive chairperson).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• Palatine Private Equity
• Social Impact