Lexington advises Grwp Menai upon its aquisition of North Wales Training
Mar 04, 2019
Grwp Llandrillo Menai Is a leading Higher and Further Education provider with sites across Anglesey, Denbighshire, Gwynedd and Conwy and delivers courses to over 21,000 students.
The acquisition of NWT, based in Mochdre, Colwyn Bay, will further enhance the number of courses offered by GLLM and allow them to develop their service offering in the commercial sector. NWT has become one of the leading commercial training providers in Wales offering a wide range of occupational and vocational based programmes.
NWT will continue to operate at its current site and will retain its independence but will develop a stronger working relationship with GLLM in order for both organisations to continue to offer leading training services in the region.
Dafydd Evans, Chief Executive Officer of GLLM, who Lexington worked closely with throughout the transaction, said, "It has been part of our corporate strategy for some time to develop our portfolio in this way, We have had a very long established relationship with North Wales Trust and we know that they are very good indeed at what they do, fully deserving their excellent reputation and high profile, therefore this move feels like a natural progression to us."
"By working closely with Lexington Corporate Finance we could ensure an outcome that was mutually agreed by all parties, avoiding any disruption to North Wales Training employees or their learners. We're grateful to the Lexington team for their support".
Lexington acted as Lead Advisor to GLLM and worked with its Senior Management Team over the last six months to negotiate and structure the transition and manage it through to completion. The Lexington team was led by Gary Partridge and Thomas Edwards, with support from Charlotte Mancuso.
Lexington's Director Thomas Edwards, said, " We were delighted to work with GLLM to complete this strategic acquisition - it represents a significant milestone in their growth ambitions, and we are proud to have been entrusted with the role to advise them."