ISIS invests in Hawksmere

ISIS Equity Partners plc (ISIS) is pleased to announce the completion of the management-buy-out of Hawksmere Limited ("Hawksmere") for an undisclosed sum. Based in London, Hawksmere is a leading provider of training seminars (both public and ‘in-house', UK and internationally), with a strong emphasis on continuing professional development courses for middle and senior management. In addition to its own branded management and legal events, it also runs courses and conferences for (a) Croner for the personnel and health and safety markets, (b) the Royal Town Planning Institute and (c) CCH and the Institute of Chartered Accountants in England and Wales. Hawksmere employs 60 staff. Turnover in the current year is c. £12m. Ian Crompton and Raphael Charon of HSBC plc provided term debt and working capital facilities, to support the transaction. Paul Morris, Investment Director, who led the transaction with David Sherratt, Director, New Investments, commented that: "Hawksmere and its management team have an excellent reputation and brand recognition in the market place. The buy out will enable the team, led by Michael Bentley, to consolidate these achievements and continue to develop the range of courses it can offer." Paul Morris has joined the Board of Hawksmere on behalf of ISIS.

Published: 05 January, 2004