We are delighted to have advised company The IT Skills Management Company Limited (Intequal) on their sale to Lifetime Training Group.
Established in 2009, Intequal is a specialist provider of Level 3 & 4 Apprenticeships and commercial training in the IT and Digital sector. In 2017, Intequal was awarded a direct contract with the Education Skills Funding Agency (ESFA) and has grown year on year since then, with a core focus on delivering high quality online learning.
The acquisition by Lifetime Training Group (Lifetime), the leading provider of Apprenticeship training in UK, represents the entry into a new, fast growing and diversified training space for Lifetime. Intequal will supplement Lifetime’s Apprenticeship offering and together the two organisations will leverage their extensive employer reach and expertise in the market to support the next phase of growth for both parties.
We provided an end-to-end lead advisory service and leveraged our leading sector experience to drive a highly competitive process. We received offers from several trade buyers and ran an efficient negotiation process to maximise value.
The shareholders were seeking to find a new home for the business with an acquirer that shared the same value for quality as Intequal, whilst providing a platform for the existing management team to deliver the next phase of growth. We successfully delivered on all of these objectives, whilst securing a strong valuation and a 100% cash out on day one for the shareholders.
We would like to thank Grant Thornton for delivering an outstanding result for all shareholders and the ongoing management team. We are extremely grateful for Grant Thornton corporate finance’s detailed support at all stages of the transaction, from their hands on approach during the sales preparation phase, through to leveraging their deep sector experience and working tirelessly to close the transaction. Grant Thornton’s sector knowledge and industry relationships were key to finding an exciting home for Intequal and driving an excellent outcome for the shareholders, which exceeded expectations. The team truly went above and beyond to deliver the best result for us.Dominic Gill Managing Director, Intequal