Palatine makes first Impact investment in Trade Skills 4U
Palatine Private Equity has invested in Trade Skills 4U, a market leader in electrical training courses in the UK.
This marks the first deal from Palatine’s Impact Fund, an investment vehicle targeting profitable growth companies that can deliver a private equity return, and a positive social or environmental impact.
Established in 2005, the Gatwick and Warrington based business provides a range of electrical courses for individuals who have little or no electrical knowledge who want to become electricians, whilst also providing futher training to those already in the profession or associated trades.
Trade Skills 4U focusses on the adult training market, and attracts people who are looking to upskill or retrain in an environment that is suited to their needs. This includes people who have left the military, and opens up career opportunities that may not have been accessible to individuals prior to completion of the Trade Skills 4U courses.
The deal sees Palatine back the existing management team, consisting of Carl Bennett, Andy Hays-Ellis and Christos Panayiotou. In addition, Robert Vince who has had a long career with Interserve will join the board as Non-Executive Director. The Palatine investment will support the expansion of Trade Skills 4U across the UK with the opening of a number of new training centres.
Carl Bennett, Executive Chairman of Trade Skills 4U, said: “Trade Skills 4U provides exceptional training for adults who are looking to develop their skills in an environment tailored to their needs. The business has grown recently with the opening of a new centre in Warrington in 2016, and with Paltine’s support we are looking forward to increasing our presence across the country and increasing our social impact. Palatine has an exceptional track record of supporting companies like Trade Skills 4U with their expansion plans. We have found a unique partner in Palatine given its enviable track record in responsible investing and the recent close of its Impact fund. They have demonstrated that they share our passion and values that support our distinctive proposition in the electrical training sector, and are fully aligned with us in delivering a positive social impact and supporting our continued growth.”
The investment was led by Partners Beth Houghton and Zoe Clements, with support from Matthew Coles, Investment Manager.