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Case Study

Business Recapitalization

Prudential Private Capital supports TeacherActive’s refinancing, management distribution and shareholder realignment with one-stop financing.

Case Study

Business Recapitalization

Prudential Private Capital supports TeacherActive’s refinancing, management distribution and shareholder realignment with one-stop financing.

At a Glance

TeacherActive is one of the largest education recruitment agencies in the UK. As experts in education, the business delivers well-established recruitment services to support outstanding learning experiences. With operations across England and Wales and covering Primary, Secondary, Early Years, FE and SEND, TeacherActive takes the worry out of temporary and permanent recruitment, to enable education settings to focus on their core competencies and to assist teacher development. The company’s national scale, local client focus, and leading compliance, training, and high-quality candidate offering makes it stand out across the education market.

TeacherActive is a highly professional business with strong relationships across both employers and teachers. It has an experienced, talented and ambitious management team who have driven a service ethos based on flexible and quality solutions to acute and long-term requirements, via high-touch personal support reinforced with an efficient and tech-enabled back-office function.  

In March 2024, Prudential Private Capital provided a one-stop funding solution to support a debt refinancing and shareholder recapitalization, which simultaneously put in place incentive and ownership across a wide proportion of the employee base. TeacherActive’s long-standing management team continues to own a significant majority of the business.

Prudential was chosen as a financial partner to support TeacherActive’s team in the next phase of the company’s evolution because we bring a long-term and relationship-focused approach, experience in supporting management-led growth with strategic input, as well as the capacity to deploy a broad range of private capital solutions across the balance sheet. This provides certainty of execution in an initial investment and a platform for future financing.  

We provided senior debt, subordinated debt and minority equity capital to facilitate the business’ requirements, and retain the ability to invest further for future inorganic or other growth opportunities. Virgin Money provided an ID facility for working capital purposes. Akin Gump represented Prudential as counsel. Clearwater advised on the transaction and Gateley provided counsel for management.

Relationship Since 2024
Transaction details:
  • £19,000,000 Senior Term Loan
  • £16,000,000 Subordinated Debt
Meet the team
“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 Prudential 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.”
Robin Browett, CEO TeacherActive

The Full Story

“We are delighted to be partnering with the TeacherActive team. Prudential 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. 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. We are excited to support Robin, Lisa, David and the team."
Ed Barker, Senior Vice President Prudential Private Capital

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Meet our team

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Ed Barker headshot
Ed Barker, CFA
Senior Vice President
+44 207 621 8429
Email
Midlands, East UK, Northern Home Counties, & Northern Ireland

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