UK - Bridges Ventures backs Babington MBI
Bridges Ventures has backed the management buy-in of vocational training company Babington Business College, in a deal of undisclosed value.
Derby-based Babington provides LSC funded apprenticeship training in accountancy, business adminstration, customer service and financial advice. The company has training centres in Derby, Dewsbury, Nottingham, Lichfield, Stoke, Bristol and Sheffield. It employs around 100 people and reported a turnover of £2.4m for the year ending 31 July 2009.
Bridges expects to use Babington as a platform to expand the business and consolidate the apprenticeship market.
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