Education recruiter secures growth investment
May 23, 2017
Tue, 23/05/2017 - 10:39
Academic Appointments, a specialist Yorkshire-based education recruiter has secured backing from Leeds based investment fund Solingen. Academic Appointments was founded by Mo Parkin in 2004 and currently provides services to schools across Yorkshire via offices in Leeds and Doncaster. The business has grown significantly over the past few years and has diversified to provide a one-stop shop for all school-based requirements on a temporary, contract and permanent basis. Pete Riley, currently a director of the business, has been promoted to managing director while founder Mo Parkin will now take the role of executive chairperson. Commenting on the investment Mo Parkin, says: “As the founder of Academic Appointments, I’m very proud of how the business has grown into what we see today. That’s down to the incredible team of people here, as well as the fantastic teachers, support staff and schools that work with us. “I am delighted to be staying with the business in a more strategic role as part of the next exciting chapter. This investment means we will be able to fast-track our ambitious growth plans, adding further dimension to our services and creating a larger geographical footprint.”
Paul Betts, director at Leeds-based Solingen, says: “We look forward to partnering with Pete and his team at Academic Appointments to support their growth plans. This is exactly the type of successful, local business where we believe Solingen can add value by providing equity growth finance and strategic support to management.”
Incoming managing director Pete Riley commented: “The future is bright, and Academic Appointments is definitely the place to be in terms of opportunity and career development.“
The deal was brokered through KBS Corporate with legal support provided by Gateley PLC and Gordons LLP Solicitors. The business continues to be supported by its long term banking partner Yorkshire Bank, which received legal advice from Eversheds. In addition Solingen received advice from Ryecroft Glenton, RPL and Stratton HR.