Gresham sells 7city Learning to Fitch

Gresham Private Equity has exited 7city Learning through the sale of the business to Fitch Group. The sale represents a strong realisation for Gresham.

PRESS RELEASE

Gresham Private Equity (“Gresham”), a leading mid-market UK investment firm, today announces that it has successfully exited 7city Learning (“7city”) through the sale of the business to Fitch Group (“Fitch”). Fitch is combining 7city with its Fitch Training unit to form Fitch 7city Learning, a global leader in financial training. The sale represents a strong exit for Gresham.
Headquartered in London with operations in New York, Singapore and Dubai, 7city is a global training provider primarily servicing the financial services industry. The company provides industry-leading training and learning solutions to over 800 blue chip clients, including the global top 10 investment banks and 9 of the global top ten fund managers.
Gresham has supported the company’s management and facilitated growth through the roll- out of an international expansion programme, the diversification of its customer base and the further investment pioneering new education platforms and products, particularly in e- learning. The business now generates over a quarter of its revenue from outside Europe.
Simon Hemley, Partner at Gresham Private Equity, said:
“7city is a fantastic example of a business that has achieved impressive growth despite challenging economic conditions thanks to a clear strategy, innovative new services catering to client demand, and a strategic internationalisation programme.
“Gresham has a focus on partnering with high-growth companies like 7city and supporting their development into industry-leading businesses. We have worked closely with the management of 7city, helping the business realise its full potential and it is now well positioned to embark on its next stage of growth.”
Paul Shaw, CEO of 7city said:
“Gresham’s support has been invaluable in guiding our international expansion and encouraging us to be brave in our growth plans despite the demanding economic environment. Together, we have built a great business that has a strong platform for further growth and we look forward to continuing our development with Fitch.”
The Gresham investment was managed by James Barbour-Smith, Head of Portfolio and Simon Hemley, Partner.
The sale was managed by Quayle Munro, led by Craig Muir, Andrew Adams and Henriette Madsen Morandi
Macfarlanes LLP provided legal advice, led by Charles Meek and Jessica Adam
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About Gresham:
Gresham is a specialist UK lower mid-market growth investor, focusing on management buy- outs of companies typically valued up to around £100 million. It’s been a busy 12 months for Gresham; in 2012 Gresham completed two exits, two new investments and eight bolt-ons within the portfolio. With four regional offices in Birmingham, Bristol, London and Manchester and expertise in the Support Services, Consumer, Financial Services, Healthcare/Pharmaceuticals, Industrial Products and Energy and Environmental sectors, Gresham is able to use its strong networks and expertise to help businesses professionalise and grow to their next stage of development, whether through organic, acquisitive and/or international expansion.
Gresham LLP is authorised and regulated by the Financial Services Authority.

About 7city Learning:
Headquartered in London with operations in New York, Singapore and Dubai, 7city is a global training provider primarily servicing the financial services industry. The company provides industry-leading training and learning solutions to over 800 blue chip clients, including the global top 10 investment banks and 9 of the global top ten fund managers.