Private equity organisation looks to sell Teaching Personnel for up to 50m

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Teaching Personnel, an preparation zone staff supply company, has been put up for sale by in isolation equity owners RJD Partners, as it looks to stand in the investment.

RJD corroborated a �24m government buyout 3 years ago from Barclays Private Equity. Adviser Clearwater Corporate Finance believes that RJD can get around �50m for the commercial operation and has approached intensity buyers.

Founded in 1996, Teaching Personnel provides teachers from the thirty branches to cities all over England and Wales. Between 2006 and 2008 increase grew from �2.6m to �4.6m.

Rival in isolation equity groups are approaching to be the majority expected bidders, with one industry source observant around 6 picturesque contenders should emerge.

RJD has lifted some-more than �250m in supports for investment given it proposed 9 years ago. Investments embody a �20m squeeze of textiles manufacturer Character World and �28m for IT services outfit Stone Group.

RJD declined to comment.

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