Private equity firm Rcapital has completed a hat-trick of deals across its investment portfolio, including the sale of Cluttons’ Middle East business based in Dubai to Savills.
Rcapital bought the property consultancy in May 2017 and the sale concludes a key step in the growth strategy for Cluttons in the UK which will continue to focus on both the commercial and residential markets.
Rcapital has also sold Coaching Academy which has been in the portfolio since November 2007 and is the longest established coach training organisation in Europe. It offers a range of externally accredited professional qualifications in Life Coaching, Business Coaching, Corporate Coaching, Educational Coaching and an accredited NLP Practitioner Programme.
The business has been sold to Managing Director, Bev James, who has been with the business since 2008 and has helped grow and develop Coaching Academy, establishing it as one of the largest training organisation of its kind in the world.
Rcapital has also completed the sale of Innervate Technology Solutions Limited, a business which was established when Rcapital acquired former US-owned subsidiary Ciber UK in June 2017. Following an intensive period of re-organisation and rebranding, this leading IT services and consulting specialist relaunched as Innervate Technology Solutions Limited in September 2017.
Rcapital’s involvement, including the appointment of a Chairman and CFO to support management, provided stability and acted as a catalyst for change. In a very short period, the team transformed the business, creating a solid platform to achieve long-term growth. It has been sold to a well-respected and successful player in the technology space.
Phil Emmerson, Chief Operating Officer of Rcapital, says: “The deals announced today are testament to Rcapital’s philosophy of working closely with the management teams of businesses we invest in to help them navigate complex situations, helping them develop and secure long-term growth.”
