UK - LDC backs MBO of JHP with £30m

Management, led by CEO Jim Chambers, will acquire a minority holding in the company. Yorkshire Banks has provided a £26m package of senior debt to support the transaction.

Founded in 1983, Coventry-based JHP provides vocational education, skills training and employability programmes. It operates a national network of 57 centres and also delivers training in employees' workplaces nationwide.

The business, which employs more than 1,000 people, services more than 3,000 clients, from small and medium sized companies to major organisations such as the Ministry of Defence, RBS Insurance, Royal & Sun Alliance and Barclays. JHP has almost doubled its sales to £44m over the last three years.

The deal will allow JHP to pursue its acquisitive growth strategy and expand its geographic coverage.

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