Tue, 19 Mar 2024 | BUSINESS NEWS
TeacherActive, an education recruitment agency based in the West Midlands, has secured investment from Pricoa Private Capital to finance the next stage of its growth. The investment will enable the company to target both organic and acquisitive growth.
TeacherActive supplies staffing and bespoke support services to over 3,600 schools and education/care settings. The company, which had previously been supported by TOSCA Debt Capital since 2018, has 15 branches and employs more than 200 staff.
The company is led by Chief Executive Robin Browett and supports thousands of UK educators, providing both temporary and permanent placements.
After the investment was announced, Browett commented: "As a management team we see significant opportunity to expand our offering and geographic reach, whilst remaining focused on the service of our existing client and candidate community.”
"We are thrilled that Pricoa shares our vision for the market, and we look forward to executing our plans and working with Ed and his team, who have shown excellent knowledge, pragmatism and integrity through the process."
Ed Barker, senior vice president and head of Pricoa's Midlands business, said: "We are delighted to be partnering with the TeacherActive team. Pricoa provides flexible capital solutions to meet the requirements of businesses and management teams and our strategy encompasses relationship-based investments in stable companies and solid markets.”
He continued: "TeacherActive, in conjunction with its stakeholders, strives to place great teachers into education settings on a temporary or permanent basis and enables teacher development in the process. Through our initial funding and follow-on capabilities, we hope to build on those core aims.”
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