Transaction

Clearwater advises TeacherActive on its investment from Pricoa

Transaction

TeacherActive on its investment from Pricoa Private Capital

Sell-side

Undisclosed

Role

Adviser to TeacherActive on its investment from Pricoa

Sector

Business Services

Region

UK

Clearwater has advised TeacherActive, one of the largest education recruitment agencies in the UK, on its investment from Pricoa Private Capital (Pricoa).

The Birmingham-headquartered company with regional offices across England and Wales has grown successfully in recent years, led by Robin Browett. As experts in education, the business delivers well-established recruitment services to support outstanding learning experiences. With operations 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 experienced, talented, and ambitious management team 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.

Pricoa provided a one-stop funding solution to support debt refinancing and shareholder recapitalisation, which simultaneously put in place incentives 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.

group students working together teacher

As a management team, we see a significant opportunity to expand our offering and geographic reach, whilst remaining focused on the service of our existing clients and candidate community. We are thrilled that Pricoa 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. Rob, Joe, and the Clearwater team did a fantastic job guiding us through this process. Their deep understanding of the education market proved hugely beneficial, and they were with us every step of the way.

Robin Browett, CEO, TeacherActive
group students working together teacher

We are delighted to be partnering with the TeacherActive team. Pricoa 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. Robin and the team do business the right way, and value all stakeholders and we are excited to partner with them.

Ed Barker, Senior Vice President and Head of the Midlands, Pricoa Private Capital

TeacherActive is the standout performer in its market. It is a truly outstanding business with great leadership, a fantastic culture, and strong values. We are extremely proud to have advised the business and management team for the second time and look forward to seeing TeacherActive thrive in partnership with Pricoa.

Rob Burden, Partner, Clearwater

Working with TeacherActive and Pricoa to secure this funding has been a pleasure. Robin and the team at TeacherActive have built an exceptional education recruitment platform with a great position in the market, which this facility will allow them to continue to develop. We’d like to wish the team every success as they pursue their journey.

Joe Dyke, Partner, Clearwater

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