Deal typePrivate Equity & Transaction Services
IndustryEducation
Client nameDuster Topco Limited
BDO has provided vendor financial and tax due diligence on the sale of Empowering Learning Group to THI Investments.
CEO Mohammed Azam founded ELG, with backing from Graphite Capital, with the aim of building a diversified and tech-enabled education service provider to solve challenges facing schools, in particular behavioural issues in classrooms. These challenges have intensified in recent years which have reduced teaching time and increased staff attrition - ELG is addressing this with high-quality behavioural management training courses and recruitment support, significantly improving the learning environment and the welfare and academic outcomes of children.
Under Graphite’s ownership, ELG grew from a standing start to generating turnover of £60m in 2024, driven by expansion of both its training and staffing services in the UK and internationally.
THI Investments is a pan-European private equity investor with a focus on the education sector with recent investments in Oxford International, Corndel, Impact Food Group and Learnship.
The BDO project team included:
Chris Grove, Dougie Hunter, Jack Gibson, Daniel Anderson, Jess Perrett (Financial due diligence)
Brad Payne and Hannah Richardson (Tax)
CEO Mohammed Azam founded ELG, with backing from Graphite Capital, with the aim of building a diversified and tech-enabled education service provider to solve challenges facing schools, in particular behavioural issues in classrooms. These challenges have intensified in recent years which have reduced teaching time and increased staff attrition - ELG is addressing this with high-quality behavioural management training courses and recruitment support, significantly improving the learning environment and the welfare and academic outcomes of children.
Under Graphite’s ownership, ELG grew from a standing start to generating turnover of £60m in 2024, driven by expansion of both its training and staffing services in the UK and internationally.
THI Investments is a pan-European private equity investor with a focus on the education sector with recent investments in Oxford International, Corndel, Impact Food Group and Learnship.
The BDO project team included:
Chris Grove, Dougie Hunter, Jack Gibson, Daniel Anderson, Jess Perrett (Financial due diligence)
Brad Payne and Hannah Richardson (Tax)