Mishcon de Reya's Private Equity Team has advised the shareholders and management of Corndel, the UK's fastest growing leadership and digital skills training company, on a buy-out backed by THI Investments.
Founded in 2016 and headquartered in London, England, Corndel is the go-to provider of high-quality leadership and digital training for large employers across the UK. The company serves a loyal blue-chip client base, bringing 3,500 learners onto its programmes, with a particular focus on the banking, insurance and professional services sectors.
Corndel operates in the high-priority, professional training segment, focusing on areas with large productivity improvements and where skills gaps are greatest. As a result of the transaction, management aims to further increase market share by expanding the number of courses offered and transform Corndel into a diversified skills and people development business through a mixture of organic growth initiatives and complementary mergers and acquisitions.
Andrew Rimmington led the Sale Process, working closely with James Paterson, Karine Bennamara and Max Nicolaides. Nadim Meer advised on the Management Equity arrangements, alongside Sam Perkins, Sam Shabbir, Max Nicolaides and Margarita Elia.
Nadim Meer, Head of Private Equity at Mishcon de Reya, commented: "Corndel are an impressive player in the UK’s vocational training market. It was a privilege for me and the rest of the Mishcon Private Equity Team to help navigate Corndel through this process. We look forward to continue working with management as they continue to drive the growth of the business with this new investment."
James Kelly, Co-Founder and Corporate Development Director at Corndel, commented: "We are absolutely delighted to be partnering with THI on this next stage of Corndel’s journey. The entire Mishcon Private Equity Team on the deal were excellent and brought a wealth of market knowledge and expertise. At each stage of the transaction they made sure we were strongly and confidently advised and guided to ensure a successful completion within an extremely tight timetable."