The business plan is based primarily on strong organic growth supported by a limited number of acquisitions. The company acquired Empowering Learning on inception and TimePlan in August; two of the most established and well respected agencies in the supply teaching market. In August 2018, the company acquired Team Teach, the UK’s leading behavioural management training provider.
The venture is led by Mohammed Azam, a highly talented CEO with an extensive and successful track record in the sector. Graphite has significant relevant experience in this market, with Capital Partners VII having generated 5.8x cost and an IRR of 68.1% from its investment in Education Personnel. On the recruitment side, the organic growth plan is driven primarily by attracting a large number of talented recruitment consultants and opening a substantial network of offices in the UK. On the training side, the plan is to grow the existing course offering both in the UK and internationally and launch new courses.
Supply teaching involves the provision of temporary staff to cover planned and unplanned vacancies in school classrooms. The market is relatively stable as absences are not heavily influenced by the economic cycle. Short-term vacancies typically result from sickness and training days. Longer term placements are driven by maternity leave cover and unfilled full-time vacancies.
Behavioural management training for teachers is underpinned by strong demand drivers, including rising levels of inappropriate behaviour by children, particularly in mainstream schools, and the continuing upward pressure on class sizes which is generally making classroom control more challenging for teachers.