Consumer brands specialist investor Piper has sold Justin Craig Education, a UK exam revision business, to independent college brand MPW.
The sale was completed for an undisclosed sum.
Piper bought Justin Craig in 2008. Since then, it has doubled sales and become a leading brand in the group tuition market. In transforming the business, Piper has helped build a new management team, establish a bespoke bookings system and develop an efficient marketing programme to attract new customers, as well as improving the range and quality of Justin Craig's revision courses.
Chris Curry, managing partner at Piper, says: “We are proud of the way we have helped Justin Craig grow and develop as a business. The fact that nearly 60 per cent of students come to Justin Craig either through recommendation or as repeat customers is evidence that the quality of its tutors and courses is outstanding.”
Simon Williamson, chairman of Justin Craig, says: “Throughout its investment in Justin Craig, Piper has been a strong and supportive partner, contributing throughout to the success of the business. We are delighted to be working with MPW, whose reputation and position in the education market is second to none.”
Andrew Barnsley and Otis Johnson of Nexus Corporate Finance advised Piper and management on the transaction.
