Henley-on-Thames: HMT undertakes DD for Palatine PE
HMT, led by partner Paul Read and manager Tom Bradbury, undertook financial due diligence for Palatine Private Equity on its investment in electrical training courses firm Trade Skills 4U.
Headquartered in Crawley with sites in London and Warrington, Trade Skills 4U provides a range of electrical courses for individuals who have little or no electrical knowledge who want to become electricians,, while also providing further training to those already in the profession or associated trades .
Palatine invested to support the existing management team.
The investment marks the first deal from Palatine's Impact Fund, an investment vehicle targeting profitable growth companies that can deliver a private equity return,, and a positive social or environmental impact.
Palatine’s investment will support the expansion of Trade Skills 4U across the UK with the opening of a number of new training centres.
HMT, headquartered in Henley-on-Thames, undertook financial due diligence on the transaction.
Zoe Clements, partner at Palatine, commented: “We are delighted to support the management team of Trade Skills 4U with their exciting expansion plans through our new Impact Fund.
The HMT team worked intelligently and efficiently to support us in our assessment of the key financial issues whilst minimising any disruption to the business.
We look forward to working with the HMT team again on future deals.”
Paul Read commented: “We are delighted to have helped Palatine completing their first deal from their Impact Fund. The management team at Trade Skills 4U have built a very successful business over the last years and with Palatine’s support will be able to achieve the next step in their growth story.”
