Taylor Wessing advises JHP Group on £56 million buy-out by Lloyds Development Capital

Taylor Wessing LLP has acted for JHP Group (JHP), one of the UK’s largest private sector providers of vocational education, skills training and employability programmes, on a buyout by its management team in a transaction backed by Lloyds Development Group (LDC), part of Lloyds Bank.

Following the buy-out the JHP management team has acquired a minority shareholding in the business. LDC invested £30 million for a significant majority stake. Yorkshire Bank provided a £26 million package of senior debt.

JHP was founded in 1983 by Hugh Pitman. It is one of the largest providers of work-based apprenticeships and National Vocational Qualifications, operating 57 centres nationally, as well as delivering training in employees’ workplaces. The business services more than 3,000 clients, including organisations such as the Ministry of Defence, RBS Insurance, Royal & Sun Alliance and Barclays.

The Taylor Wessing team was led by private equity partner Robert Fenner and assisted by senior associate Lee Bagshaw.

Deloitte and Hammonds advised LDC.

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For more information please contact Helen Needham at Taylor Wessing:

Tel:      +44 (0)20 7300 4156
Email:   h.needham@taylorwessing.com

Taylor Wessing LLP is a leading law firm providing support for commercial organisations doing business in Europe, the Middle East and China.

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