RJD Partners is selling portfolio company Teaching Personnel in deal that could return £50m (€58.5m) to the lower middle-market UK private equity firm, according to The Independent.
The business, which offers supply teacher support for the education sector, was acquired by RJD three years ago from Barclays Private Equity in a £24m (€28.1m) management buy-out.
Rival private equity firms are thought to be the most likely suitors for the company.
Teaching Personnel has 30 branches across England and Wales, and has been in operation since 1996.
Duncan Johnson, one of the founding partners of RJD, left the fund manager last year by “mutual agreement”.
Launching its first fund in April 2003, RJD was originally called Royal London Private Equity. The change in ownership in November 2005, when the firm’s four principals increased their shareholdings from an undisclosed percentage to 85 per cent, brought about the new name.
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