Investors in apprentices go for gold
VENTURE CAPITALISTS are making their mark on vocational training after the purchase of a apprenticeship provider in Derbyshire.
Orient Gold, which has 800 trainees on its books, has been taken over by training firm STL which was itself bought by private equity invester Sovereign Capital in November.
Adrian Holmes, chief executive of STL, said: "The acquisition provides Orient Gold with the infrastructure to grow their business with employers, contracting with the Learning and Skills Council's National Employer Service for the delivery of apprenticeships in companies employing over 500 staff."
Orient Gold specialises in butchery training and has benefited from the growth in popularity of farm shops. It also trains people to work in retail and hotels.
Matt Corden, managing director of Orient Gold, said: "The acquisition will provide our 60 staff with increased job security by becoming a significant part of a larger group, with access to greater resources."