Asset management firm Barings has acted as co-lead arranger of a unitranche facility to support Bridgepoint Development Capital's acquisition of Inspiring Learning.
Barings' role in the buyout marks the third transaction for the former European private finance group of Babson Capital Management since Babson consolidated its operations with the former Baring Asset Management and rebranded the new firm under the Barings name in September 2016.
Inspiring Learning is a UK provider of residential learning activities and travel programmes for school-aged young people, operating 10 residential activity centres in the UK and France.
"We are very pleased to support Bridgepoint Development Capital on its investment in Inspiring Learning and are looking forward to supporting the business over the next growth phase," says Mark Wilton, managing director at Barings. "We believe that Inspiring Learning represents a compelling opportunity given its leading market position, highly recurring revenues driven by repeat school bookings and high barriers to entry into the market."