UK - Sovereign Capital portfolio company acquires Orient Gold

Sovereign Capital-backed STL, a vocational training provider, has acquired Orient Gold, a national provider of apprenticeship and adult learning. The value of the deal has not been disclosed. The new combined group has over 240 employees and over 3000 people involved in their training programmes. Sovereign first backed STL in November 2006 though a management buyout. Since then STL has been busy implementing Sovereign’s buy & build strategy.