When Graphite Capital invested in Teaching Personnel, it considered the company an ideal platform from which to consolidate the industry.

At the time of the management buy-out in July 2010, Teaching Personnel ("TP") was the UK’s third largest provider of supply teaching staff. Through its network of over 30 branches, TP supplies teachers, teaching assistants and nursery staff to a large number of schools in England and Wales, including those providing for special educational needs.

In addition to the highly attractive organic growth opportunities available within its market, Graphite identified strategic acquisitions as a key driver of equity growth. Together with the management team, we profiled a small number of potential targets.  In the months following the buy-out, the business reviewed a number of opportunities, assessing their advantages and drawbacks.