Smedvig Capital pleased to announce the sale of 11 Year Investment

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Smedvig Capital

27 August 2014

Smedvig Capital is pleased to announce the sale of Exchange Group to Pertemps People Development Group (PPDG). Pertemps People Development Group is an active player in skills and employability training.

PPDG delivers an extensive portfolio of employment and skills programmes that help individuals to realise their potential, together with a tailored recruitment service that supports businesses in their growth and development.

Smedvig Capital initially invested in the business in 2003. During the 11 years of our investment, we have supported the team with their targets for growth across the UK and will realise an IRR of over 20% on the sale.

Rob Toms, a Managing Director at Smedvig Capital commented “PPDG is well placed to continue the excellent work done by the team at Exchange Group over recent years, making a real difference to individuals’ career prospects and a valuable contribution to the UK economy.”

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