Corndel
Liberty advises the management team of Corndel on its acquisition by Galileo Global Education
Liberty Corporate Finance is delighted to announce they have advised the management team of Corndel, one of the UK’s largest apprenticeship training providers, on its acquisition by Galileo Global Education, Europe’s largest higher education group.
Galileo’s shareholders include the Canadian Pension Plan Investment Board, Montagu Private Equity and Tethys Invest, the latter being the main shareholder of L’Oreal. The transaction provides an exit for THI Investments, who invested in the company in 2020.
The London-based training provider will join Galileo’s roster of more than 60 institutions in 18 countries, including Regent’s University London, Italian fashion school Instituto Marangoni and Paris School of Business.
The company, set up in 2016, specialises in training apprentices in management, senior leadership, data analysis and project management at advanced or higher levels.
Liberty advised on all aspects of the management incentive arrangements for Corndel.
Transactions can be stressful. The Corndel team hugely valued Liberty’s support. Deeply experienced, measured, calm, focused and friendly. Always there when we needed them, very much on our side, respected as the experts by all the parties involved in the transaction.
James Kelly
CEO and Co-founder of Corndel
James Kelly and his team at Corndel have demonstrated the benefits of delivering high quality apprenticeship training across the UK. We were delighted to work with them on this transaction and look forward to seeing their continued growth with the support of Galileo Global Education.
Michael McDonagh
Partner
+44 (0) 7715 705 000
michael.mcdonagh@liberty-cf.com