Private equity house Key Capital Partners (KCP) has backed the £11m management buyout of specialist educational caterer, AiP Ltd, with a £5.2m investment.
Established in 1998, Oldbury-based AiP is one of the leading specialist educational catering providers, operating over 170 school catering contracts and feeding over 35,000 pupils a day across central England and West London. It has sales of over £14m and employs over 800 people.
The deal, led by Birmingham-based managing partner Owen Trotter and investment director Richard Thomas, will enable the company to accelerate its growth plans within the education catering sector.
AiP on KCP
David Weller, managing director at AiP, said: “KCP share our vision for growth whilst maintaining the foundations of quality and excellent customer service on which the Company’s success has been built. Working with KCP on the deal has made us feel they are already part of the team and we look forward to a fruitful relationship with them.”
KCP is a leading investor in the smaller buy-out market making investments in profitable growing companies.
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For more information about the Alliance in Partnership click here