Beauty training firm sold to investment vehicle
Chesterfield-based NVQ Nail & Beauty Specialists Training Academy, which trades as Klass Training Academy has been sold to investment vehicle MBH Corporation in a deal worth £600,000.
NVQ is a specialist in providing a range of beauty training courses that trades as a Vocational Training Charitable Trust (VTCT).
Within MBH’s Education vertical, NVQ will reside under Acacia Training.
For the year ending 31 March NVQ generated revenues of £300,000.
Victoria Sylvester, managing director, Acacia Training, said: “NVQ is a fantastic business and we are delighted they will be joining the Group as part of our tactical acquisition strategy. We can see clear opportunities for us to learn from each other as we look to further grow our business footprint within the education sector.”
Callum Laing, CEO of MBH Corporation, said: “This is the latest step in the expansion of our education vertical which has long been a big part of our plans as we move forward. The depth of experience and knowledge within NVQ will serve the wider MBH portfolio incredibly well as we continue to collaborate as a group during this extraordinary year.”
Amanda Sumner, founder of NVQ, said: “I am thrilled that NVQ Nails & Beauty is now part of the MBH family. We are really excited to be part of the Group and about the future working in collaboration with Acacia Training and other companies in the Group to build on our existing and future opportunities to continue to grow the business.”