Babcock International has signed a legally binding agreement with UK-based investment firm, Inspirit Capital to divest part of its Civil Training business, a leading provider of apprenticeships and adult education in the UK.
The transaction is expected to complete later this calendar year once certain completion conditions have been satisfied, including approval from the industry regulator.
Babcock’s Civil Training business provides apprenticeships and adult education services to a range of global, blue-chip clients, including FTSE 100 and 250 Companies. The business operates nationwide with a focus on the automotive, rail, nuclear, retail, hospitality and social care sectors and has around 560 employees. On completion the business will be rebranded to reflect its sole focus on high quality vocational training and its dynamism as a standalone organisation.
Inspirit Capital is a London-based investment firm that specialises in acquiring businesses that are no longer core to their parent company’s strategic objectives and require a different ownership structure to achieve their full potential.
