DTE Corporate Finance acted as lead advisor to the shareholders of 3BM Limited, an employee owned education support and professional building services, in the sale of its education support division to Strictly Education Limited, a leading UK provider of outsourced education services.
3BM Education was the first employee owned company to spin out of the public sector. The business has expanded over several years and is an accredited provider of education support to both the public and private sectors. With a strong presence in London and surrounding areas, 3BM Education has a strong pipeline of contracted revenue.
Following the sale, 3BM Managing Director Andy Rennison said: “The team at DTE were instrumental in helping us through the minefield that is dealing with the market, as part of a disposal of part of the Business. Their guidance, support and professionalism were valued by both the Senior Leadership and the Boards and we are extremely grateful at the way they were able to respond to challenges immediately throughout the process”
Andy Humphrey, DTE Corporate Finance Director, who advised the shareholders of 3BM Limited, said: “It was a pleasure to work with Andy and Kevin at 3BM, helping to secure the future of the company. The sale will allow Andy and the team to focus on the remaining divisions within 3BM and provide capital for further growth. We look forward to seeing both 3BM Education and the remaining 3BM brand flourish over the years to come.”
Alongside the DTE Corporate Finance team comprising Andy Humphrey and Lewis Pearson, legal advice was provided by Mary Erb of Fieldfisher LLP.
For more information, please contact Ella Nham, Marketing Manager, at 0161 767 1200, email enham@dtegroup.com, or visit www.dtegroup.com.
