Gresham sells 7city Learning to Fitch
Gresham Private Equity has exited 7city Learning through the sale of the business to Fitch Group.
Fitch is combining 7city with its Fitch Training unit to form Fitch 7city Learning.
Headquartered in London with operations in New York, Singapore and Dubai, 7city is a global training provider primarily servicing the financial services industry. The company provides training and learning solutions to over 800 blue chip clients, including the global top 10 investment banks and nine of the global top 10 fund managers.
Gresham has supported the company’s management and facilitated growth through the roll-out of an international expansion programme, the diversification of its customer base and the further investment pioneering new education platforms and products, particularly in e-learning. The business now generates over a quarter of its revenue from outside Europe.
Simon Hemley (pictured), partner at Gresham Private Equity, says: “7city is a fantastic example of a business that has achieved impressive growth despite challenging economic conditions thanks to a clear strategy, innovative new services catering to client demand, and a strategic internationalisation programme.
“Gresham has a focus on partnering with high-growth companies like 7city and supporting their development into industry-leading businesses. We have worked closely with the management of 7city, helping the business realise its full potential and it is now well positioned to embark on its next stage of growth.”
Paul Shaw, chief executive of 7city, says: “Gresham's support has been invaluable in guiding our international expansion and encouraging us to be brave in our growth plans despite the demanding economic environment. Together, we have built a great business that has a strong platform for further growth and we look forward to continuing our development with Fitch.”
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