Acuity advised the management team of Lifetime Training on a secondary private equity buy-out by Silverfleet Capital, with the management team investing alongside Silverfleet to acquire a significant minority state. At the time of writing, binding contracts have been executed and completion of the transaction is subject to regulatory approval.
To support its growth, Lifetime will also appoint Simon Withey, the former Chief Executive of Survitec, as non-executive chairman. Simon was also advised by Acuity.
Lifetime Training is one of the UK's leading vocational training providers, providing training and coaching to companies such as Pizza Express, Bupa, David Lloyd, Fitness First, Marstons and Greene King.
The transaction is expected to be the largest deal in the training sector this year.