DMH Stallard recently acted for the owners and management team of Brighton based E-learning business, Brightwave Group in its sale to Capita PLC.
The Brightwave Group will merge with Capita’s Learning Services Division but will keep its brand and operations remain intact. The acquisition will boost Brightwave’s existing capability and offer further market reach and potential than either business has previously experienced. Brightwave’s senior management team will remain with the business. Caroline Walmsley will become Managing Director of the augmented Group and Charles Gould, Founder of The Brightwave Group, will join the management team as Executive Director.
Jonathan Grant, Head of the Corporate Group at DMH Stallard commented:
“We were delighted to deliver this quality deal for Charles and the team at Brightwave, which moves the business into the next stage of its development. The deal was completed in just over a month from final terms being agreed, which is testament to the hard work of the DMH Stallard team, who worked with the RSM Corporate Finance and Tax teams to complete the deal. It is also recognition of the quality of the Brightwave business and management team.”
Caroline Walmsley, Managing Director at Brightwave said:
“We are delighted to be joining the Capita family. Doing so offers a significant leap forward, in both capability and reach, for the Brightwave Group, and one that is in line with our strategic agenda for the next two years. Over the past 15 years Brightwave has established a brand and an offering that is second to none and to be able to retain this and augment further with the inclusion of Capita’s Digital Learning Business offers fantastic potential both for Brightwave and for our clients.”