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Sovereign invests GBP10m in modern music college

UK private equity firm Sovereign Capital has invested GBP10m in Brighton and Bristol Institute of Modern Music, a provider of modern music vocational and higher education.

Run by musicians, BIMM offers its 1,150 students a broad range of qualifications in modern music through its colleges in Brighton and Bristol. 

These courses are delivered by 100 tutors who are active professional musicians with a variety of touring, performing and session experience. 

The tutorial programme includes a mixture of classroom study, live performance and specialist workshops from BIMM’s studios and lecture rooms, equipped with a choice of vintage and state of the art music equipment.
 
Previous BIMM students include The Kooks, Beth Rowley and Kate Walsh.
 
Sovereign is supporting the three founding partners by appointing Adam Carswell as finance director and Paul Brett as non-executive chairman.  They both have strong experience in education and vocational training.
 
Ryan Robson, managing partner at Sovereign Capital, says: “BIMM has built an excellent reputation within its market and offers its growing student base the opportunity to combine their passion for music with the education and training needed to achieve their vocational aspirations. We are delighted to extend Sovereign’s educational expertise into the UK music sector which, as the world’s second largest live music market, is able to provide thousands of jobs or new work opportunities each year, thereby creating a strong demand for higher and further education music courses.”
 
Kevin Nixon, founding director at BIMM, adds: “We look forward to developing the BIMM offering with Sovereign’s financial support and educational expertise. We have always felt that BIMM had further UK and international potential and this deal unlocks the opportunity to expand the business.”
 

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