Rockpool-backed Interact Training Group has acquired Apex Training & Development
7 months ago
Rockpool Investments-backed Interact Training Group has acquired Apex Training & Development as part of its plans to continue to build a UK-based technology training group.
Apex Training & Development (“Apex”), founded in 1993, is a multi-award-winning training technology business, with a pioneering approach towards learning journeys and learning technologies. The business has offices in Falkirk, Plymouth, London and Dubai.
Apex founder and Managing Director Justin Skelton will step into the Group Chief Executive Officer role across both Apex and the Interact Training Group, responsible for expanding the range of learning and development services, technologies and growing businesses in the sector.
Rockpool invested in Interact Training Group through a management buy-in in March 2018 and has looked to drive both organic and acquisitive growth for the business.
Justin Skelton said:
“This deal brings two great businesses together. The transaction will help accelerate the growth of both businesses and provide a greater range of products and services for our collective sets of customers. In the very near future, we plan to acquire more businesses, creating a leading force in the global educational technologies sector. We are very excited to be supported by Rockpool Investments and have an exciting strategy for growth in the fast-moving educational technologies sector.”
John Nicholson, Chairman of Interact Training Group said:
“I’m delighted to welcome Apex to the Interact family and I’m looking forward to helping Justin and Stuart Packham, the CEO of Interact Learning, continue to make a difference for our clients, our people and our associates.”
Guy Ellis, Investment Manager at Rockpool said:
“Apex represents Rockpool’s continued ambition to build a leading ed-tech business in a market undergoing radical change. The combination of Interact’s unique offering and Apex’s technology make for an exciting journey ahead for the Group, which has now doubled in size. We look forward to continued growth for the Group both organically and through further market consolidation.”
Stephenson Harwood, Charles Russell Speechlys, RSM Corporate Finance, HMT Corporate Finance, Catalysis Advisory Ltd, Harper McLeod (Scotland) and Oryx (Dubai) advised Rockpool on the deal.