Sovereign Capital has acquired Orient Gold, a national provider of apprenticeship and adult learning through its portfolio company STL, taking it one step closer to becoming the UK’s market-leading national vocational training provider.

Sovereign Capital has acquired Orient Gold, a national provider of apprenticeship and adult learning through its portfolio company STL, taking it one step closer to becoming the UK’s market-leading national vocational training provider.

The sum of the deal was not disclosed.

Sovereign first backed vocational training provider STL in November 2006 though a management buy-out. Since then STL has been implementing Sovereign’s buy-and-build strategy of organic and acquisitive growth.

HW Corporate Finance conducted the financial due diligence review for STL/Sovereign, led by Andy Sumner and supported by Nick Gittings. HW Corporate Finance previously acted for the bank and Sovereign at the time of the MBO.

Sumner commented: “Using our knowledge of the training sector, we were able to quickly get an understanding of the key drivers within the business.”