Jamieson is pleased to announce that it has advised the management team of ICS Learn on the acquisition of the business by Primary Capital Partners. As part of the transaction, current shareholder, Par Equity, will exit its investment.
ICS Learn provides online education services to users studying for professional qualifications in fields such as accounting and HR as well as academic exams including A-levels and GCSE’s. Since Par Equity’s investment in 2012 the business has grown significantly and currently has over 15,000 learners.
The Jamieson team comprising Stuart Coventry, David Kirkpatrick and Gus Gayford advised Colin Kennedy (CEO) and the ICS team on their reinvestment in the new capital structure alongside Primary as well as the implementation of a new management equity incentive.