Pricoa Private Capital, a fund managed by Prudential Private Capital, the asset management arm of multinational insurance company Prudential Financial, has invested in TeacherActive, a UK education recruitment agency.
Pricoa’s investment provides a one-stop funding solution to support debt refinancing and shareholder recapitalisation, which includes incentives and ownership across a wide proportion of the employee base. TeacherActive’s management team will retain a significant majority of the business.
Led by CEO Robin Browett, TeacherActive is headquartered in Birmingham and has regional offices across England and Wales. The company delivers temporary and permanent recruitment services across primary, secondary, early years, further education (FE) as well as special educational needs and disabilities (SEND).
In a statement, Ed Barker, Senior Vice President and Head of the Midlands at Pricoa Private Capital, said: “TeacherActive, in conjunction with its stakeholders, strives to place great teachers into education settings on a temporary or permanent basis and enables teacher development in the process. Through our initial funding and follow-on capabilities, we hope to build on those core aims. Robin and the team do business the right way, and value all stakeholders and we are excited to partner with them.”
TeacherActive was advised by Clearwater International, Gateley, RSM, KPMG, GT and Global Counsel. Pricoa was advised by Akin Gump Strauss Hauer & Feld.
