BGF invests in Operam to support double bolt-on

Financial details of the transaction remain undisclosed, though BGF makes initial investments of up to £10m.

The business will look to make further bolt-on acquisitions in the next three years, according to a statement.

As part of the deal, former Hays managing director and Red Commerce CEO will take on the role of non-executive chairperson at Operam.

HSBC also provided funding to support the deal.

Company
Founded in 2017 via the acquisition of Provide Education and headquartered in Barnsley, Operam is a group of education-focused recruitment businesses.

The Education Specialists was founded in 2002 and operates from offices in Liverpool and Manchester, while Teachers UK is headquartered in Mansfield.

People
BGF – Barry Jackson (investor).

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• Topics
• Expansion
• UK / Ireland
• Support services
• United Kingdom
• BGF (Business Growth Fund)
• Build-up