LDC backs £20m round for The Training Room

The GP invested in the company alongside its CEO and founder, Jonathan Davies. The deal was originated when the founder of Reading-based Spectrum Corporate Finance, Clive Hatchard, introduced TTR to the GP.

The capital injection will allow TTR to expand its product base by offering new training areas for its vocational programmes, as well as enable the company to begin entering new, international markets.

The transaction marks LDC's 15th investment this year. The firm has invested a total of £250m in new funding so far in 2013, with a further £28m in acquisition finance for its portfolio companies.

Company
Founded in 2006, TTR is headquartered in Poole and employs more than 100 staff. The company generates annual turnover of £9m, as well as an EBITDA of approximately £3m.

TTR provides vocational training courses for gym instructors and personal trainers. The company has partnerships with several gyms in the UK, including Fitness First, The Gym Group and Pure Gym.

People
Jonathan Davies is the founder and CEO of TTR. The transaction was led by LDC's Reading-based team, led by investment director Alastair Weinel and investment managers Alex Snodgrass and Matt Kenny. Weinel and operations director Andrew Sandars will join TTR's board of directors following the investment.

Advisers
Equity – RSM Tenon (Corporate finance); CIL (Commercial due diligence); Osborne Clarke (Legal).
Company – Spectrum Corporate Finance, Clive Hatchard (Corporate finance); Shoosmiths (Legal).

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• Topics
• UK / Ireland
• Expansion
• Support services
• United Kingdom
• LDC