RSS

Woodspeen buys Yorkshire training company

Article Date:  May 06 2009 Patrizia Rossi

Woodspeen Training Plc, a UK-based vocational training scheme, has acquired A&R Training Services, a government-sponsored vocational training company based in West Yorkshire, for up to £3.1 million in cash and loan notes. The majority of the transaction will be funded from Woodspeen’s existing cash resources, with the balance to be made up of some £1 million raised in an open offer to qualifying shareholders at a price of 10p per share.

A&R runs apprenticeships for teenagers and adults. It also specialises in occupational programmes in childcare, health and social care and customer service. In addition, the Yorkshire company also operates New Deal programmes aimed at the long-term unemployed.

The acquisition of A&R is Woodspeen’s second acquisition since it was admitted to PLUS Markets in March 2008. The company is implementing a buy-and-build strategy of acquiring training companies to create a large UK vocational training business.

This story is from Growth Company Investor, the independent voice on fast-growing companies. Subscribe today for the latest AIM recommendations.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Research

  • Directors' Pay AIM 2009

    What should an AIM company pay its CEO or FD?
    What should a non-executive director or chairman expect to be paid?
    What benchmarks should AIM remuneration committee members be using when
    setting pay?

VCT Special Report 2009

This reports principle aim is to provide business owners seeking funding with information about the amount of funds that VCTs have to invest.

Cash Shells Special Report 2009

A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

More

Events Calendar

The Media Magnate Awards 2009

26th March, Vinopolis, London

More

More News: Small-Cap Spotlight

Record output at Cluff

Potential bid candidate Cluff Gold produced 19,288 oz of gold in West Africa in the first two months of the year.

Brainspark takes football stake

As foreshadowed in the latest Growth Company Investor, investment minnow Brainspark is buying into Italian football club AC Ancona.

New hope for China Evoline

AIM shell China Evoline is understood to be contemplating the injection of some Chinese mining assets.

Advertisement

Related articles

CVS snaps up Goudhurst

CVS has made its second acquisition this month with the purchase of Goudhurst Veterinary Surgery. 

Pearson and Curtiss buys O'Pray

Hull-based lift equipment manufacturer Pearson and Curtiss has acquired local rival J.W. O’Pray & Sons for £1 million.

PayPoint buys Verrus   

Cash and internet payment specialist PayPoint has agreed to acquire Verrus, a mobile phone services business, for up to £29 million. 

Euro Environmental in MBO

Drain and sewer company Euro Environmental Group (EEG) has been sold in a £20 million management buy-out (MBO) backed by private equity firm Sovereign Capital. 

Poll

What should Alistair Darling deliver in the Budget?




Have your vote on current issues

People who read this also read

  • GMT-backed Docugroup in acquisition

    Docugroup, a private equity-owned company that provides information for the construction industry, has acquired German subsidies specialist Fe.bis.

  • Why Silicon Valley rocks

    Silicon Valley is like a supermarket for entrepreneurs – everything is available within a few square miles, from finance to technology teams, lawyers, networks and resources, and of course it’s sunny.

  • Successful bastards

    Self-centred, tough, ruthless and unpredictable: these are the characteristics of a successful person, according to a book published this week.

  • Micro Focus International buys rival

    Micro Focus International Plc, a Berkshire-based software company, has acquired the Compuware Testing and ASQ Business from Compuware Corporation for $80 million (£53.2 million) in cash. For more deals click here

White Papers

12 Key Points to Consider When Selecting a Network Scanning Solution

Discover the 12 key points your company should consider before you evaluate and select a vulnerability assessment solution.

1Z0-040 Oracle Database 10G New Features for Administrators Practice Exam

Oracle 9i administrators can certify on Oracle 10G by passing this exam. The ExamForce 1Z0-040 Oracle Database 10G New Features for Administrators practice exam provides their unique triple testing mode to instantly set a baseline of your knowledge and focus your study where you need it most.

4 Ways to Unlock Your Employees' Performance Potential

Discover four proven ways you can tap into the full potential of every employee.

More