Sovereign buys Orient Gold

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.

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.”

Marc Barber

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses.

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