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NBGI investee company Ochre House sells non-core subsidiary for GBP13m

Ochre House Limited, the recruitment outsourcing and talent management business backed by NBGI Private Equity (NBGIPE), has sold the subsidiary ITN Mark Education Limited (ITN Mark) in a deal valued at over GBP13m.

Under the terms of the deal, ITN Mark, a provider of supply teachers and teaching assistants to the public sector, will be acquired by Core Education & Consulting Solutions (UK) Limited (Core Education), a wholly owned subsidiary of Core Projects & Technologies Limited (Core Projects). Core Projects is a leading global education company based in India, providing education solutions and consulting services to educational institutions in the US, UK, India, Africa and the Caribbean Islands.

Ochre House is one of Europe’s largest recruitment outsourcing businesses. It has built its reputation on delivering value through its innovative approach to all aspects of strategic resourcing, ranging from talent acquisition through to engagement, development and retention
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NBGIPE completed the management buyout of Ochre House in 2006. Since then the talent management business has grown its revenues by more than 50% per year, even during the recession.

Ochre House clients include O2, Bupa, SAS, Steria and Siemens. In response to increasing client demand for global capabilities, Ochre House now operates from six countries across Europe and Asia that, together with its innovative partnership model, offers a unique combination of worldwide resourcing solutions supported by local delivery.

Mark Owen, Director at NBGIPE, says: “The sale of ITN Mark represents in itself a positive result for NBGIPE’s investors. This will also allow Ochre House to remain focussed on its principal talent management business. We are delighted to have an ongoing relationship with Ochre House, which continues to outperform the market and grow strongly.”

Clearwater Corporate Finance and Olswang advised on the transaction.

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