Macfarlanes has advised leading UK mid-market private equity specialist Graphite Capital on the sale of Education Personnel, the largest supply of teacher and education support staff to schools in England and Wales, to its management team in a buy-out backed by ICG.
Graphite originally backed the management buy-out of Teaching Personnel in 2010. The following year the business was merged with Protocol Education to form Education Personnel. The combination created the clear leader in the teaching supply sector and has generated approximately 100 additional jobs at the company since the merger.
Ian Martin, head of M&A at Macfarlanes led this transaction and comments: "Having acted for Graphite on the separate acquisitions of Teaching Personnel and Protocol Education we are delighted to have advised them on the successful sale of the combined business in this transaction."