Corporate Finance Deal Announcement: Sale of The London Hairdressing Apprenticeship Academy to Learning Curve Group
MHA MacIntyre Hudson Corporate Finance is pleased to announce that it has acted as lead adviser to the shareholders of the London Hairdressing Apprenticeship Academy (“LHAA”) and the London Beauty Therapy Academy (“LBTA”), in their sale to Learning Curve Group (“Learning Curve” or “LCG”).
LHAA and LBTA offer dynamic and innovative hairdressing and beauty therapy vocational training qualifications through state-of-the-art academies based across London and the South East. Founded by Trevor and Francine Luker in 2011, LHAA and LBTA have grown to 80 staff across six hair academies and two beauty academies, firmly establishing a reputation with leading salons and funding bodies as the foremost hairdressing and beauty training provider in the London market.
LHAA’s shareholders viewed that a partnership with Learning Curve would bring additional investment, as well as the benefit of LCG’s national footprint, shared culture, and a common desire to deliver best-in-class provision.
MHCF was chosen to represent LHAA’s shareholders based on a deep-rooted knowledge of M&A in the government funded training sector, coupled with a hands-on, professional approach to delivering transactions for clients, both of which were fundamental to completing the deal.
Brenda McLeish, CEO at Learning Curve Group commented:
“We’re delighted to be adding LHAA and LBTA to our already broad training provision and establishing a base in London. LHAA and LBTA are hugely impressive businesses that are delivering vital skills to learners across London. The Business shared our values and vision of keeping the learner at the centre of everything we do, and we are looking forward to further growing the brands and helping make this in-demand provision accessible to even more learners.”
Francine and Trevor Luker, founders of LHAA and LBTA added:
“We work with some amazing clients and are beyond proud of the fantastic team we have here, and everything that they have achieved. The time was right for us to step back and gain further investment in the Academies to allow them to reach the amazing potential we know they can. We needed LHAA and LBTA to be owned by an organisation that cared as much as we all do, and found that perfect match in Learning Curve Group.
‘’We found in MHA a team of consummate professionals who skilfully and patiently guided us through every stage of the process. The entire team worked tirelessly to meet the deadlines set by us and by the Learning Curve team. It’s true to say we could not have not have done it without MHA - above all they helped us understand the value of our business.’’
Corporate Finance Director, James Lawson remarked:
“It has been an honour and a privilege to have had the opportunity to advise the shareholders on the development of their strategy, and subsequently to have delivered the successful disposal to LCG. We thoroughly enjoyed working with Francine and Trevor, and the Learning Curve team, and we look forward to seeing the LHAA and LCBT brands continue their growth trajectory under LCG’s stewardship.”
|LHAA & LBTA|
|Corporate Finance||James Lawson (Director), Howard Stern (Senior Manager) & Matthew Babai (Senior Associate)|
|Tax||MacIntyre Hudson LLP: Gareth Peters|
|Legal||SBP Law – Donald Macfarlane|
|Learning Curve Group|
About MHA MacIntyre Hudson Corporate Finance
As part of MHA, our Corporate Finance team is one of the UK’s most active M&A teams by deal volume. We provide hands-on advice to business owners and management teams to develop and execute strategies and deliver transactions which create, preserve or extract shareholder value. Delivering a truly global corporate finance and M&A offering through close partnership with Baker Tilly International colleagues.