Praesidian provides first lien debt for UK education group

The debt package supports the group’s recapitalisation and future growth.

Praesidian Capital Europe has provided a first lien debt investment in UK-based education business Progress to Excellence Group.

The funding supports the recapitalisation of the group, refinancing of existing debt and a bolt-on acquisition of Complete Training Solutions, a business that focuses on health and safety courses.

Birkenhead-based Progress to Excellence was founded in 1997 and provides employer-led apprenticeship training with a strong footprint in health and social care, business administration and management courses.

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