CFI advised ACT on its sale to Cardiff and Vale College
Cardiff – CFI United Kingdom acted as the exclusive financial advisor to ACT on its sale to Cardiff and Vale College.
ACT is a leading work-based training provider, delivering fully funded work-based qualifications for learners aged 14 upwards across a number of disciplines.
Cardiff and Vale College is a further education college offering courses in subjects including art, business, science, hospitality, and counselling.
The deal, the value of which has not been disclosed, sees Cardiff-based firm ACT becoming a wholly-owned subsidiary of fast-expanding CAVC which is one of the top five colleges in the UK with a turnover of £75m and over 30,000 students.
Managing director of ACT, Andrew Cooksley, who set up the firm with his wife Caroline, said: “We have a long-standing working relationship with Cardiff and Vale College that has seen us work collaboratively to develop and progress learners. Together we will build on our strong shared links with schools, communities and employers and further develop programmes and progression routes that lead people onto sustainable careers. At ACT we are looking forward to this next exciting phase when we can look at how we best tackle these future challenges together and support our capital region.”
The transaction closed on 14 October 2016.
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Cardiff and Vale College acquires leading workplace training firm ACT
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