shawbrook educational management
London
Partnership with founders will drive BE-A Education as a leading upskilling
platform serving consumers and businesses globally Acquisition sees stake being
bought by Addition, with founding duo Dan and Chris Morgan being retained as
shareholders and as part of ongoing management team Shawbrook Bank supported
Addition’s purchase of BE-A Education through an undisclosed commercial loan
facility Addition Capital, the London-based family investment office, has
completed a control investment into BE-A Education Ltd, supported by funding
from Shawbrook Bank. Hertfordshire-based BE-A Education is the operator of the
highly successful and fast-growing New Skills Academy and Staff Skills Training
businesses with a mission to make learning accessible to consumers and
businesses globally. To date, the award-winning company has sold nearly 1
million courses to consumers in over 30 countries. The strategic investment, in
partnership with BE-A’s founders, marks a new phase in BE-A’s continuing mission
to bring affordable and accessible upskilling courses to consumers and
businesses globally through its direct-to-consumer platform, New Skills Academy,
and its SME-focused business platform, Staff Skills Training. Addition Capital’s
acquisition was part financed through an undisclosed commercial loan from
Shawbrook Bank. Chris Morgan, Co-Founder of BE-A, said: “My brother Dan and I
founded BE-A to help people to access training and improve their job prospects.
We are so excited to be partnering with Addition to turbo-charge BE-A’s growth
and soon provide our one millionth course to our loyal and valued customers.
“Ian McClelland and the Addition team bring the tools to make BE-A a dynamic
community of learners from around the world.” As part of the transaction, BE-A
has appointed Ian McClelland as CEO to lead the business through the next stage
of growth. Mr. McLelland has spent a 25+ year career working in start-up, SME,
and multinational corporate environments helping digital businesses launch,
scale or adapt to disruption. A BAFTA-award winning digital producer, Ian was
the CEO of Guardian Australia and then returned to the UK to lead Guardian Media
Group’s Corporate Development, where he oversaw Guardian Masterclasses, an
international education programme spanning both in-person and online formats.
Ian said: “I am very excited to join this dynamic and fast-growing business,
which provides real and accessible skills to the people and companies that need
it most. “Technology is disrupting jobs around the world, and individuals need
to access affordable, high-quality training programmes to increase their
employability. BE-A plans to drive New Skills Academy to be the key hub for
learning and upskilling in the UK and beyond.” Addition Capital will now focus
on assisting the business’ founders, Dan and Chris Morgan, with its ongoing
strategic growth plans.
