Anacacia Capital and the founders of Catalyst Education have exited their shares in a secondary transaction to For Purpose Investment Partners, current and former staff.
Catalyst Education is a leading private provider of vocational education and training. The business focuses on social sector skills including early childhood education and care, aged care and disability care.
Catalyst Education CEO, Jo Asquith said “A key strength of our partnership with Anacacia was that while we brought expertise in the delivery of quality training packages, the team at Anacacia provided outstanding growth and opportunity support as well as strategic direction to take our organisation to the next level.”
Anacacia Capital Managing Director Jeremy Samuel said “It’s been great for the Anacacia team to work with Catalyst Education over the past few years helping them to expand and assist so many clients improve their skills. Congratulations to Jo and the Catalyst Education management and we wish them and Andrew and the For Purpose team all the very best for the future”.
This is For Purpose’s first acquisition in the Skills Education sector, one of its five core areas of focus alongside Aged Care, Disability, Social & Affordable Housing and Mental Health. For Purpose Director, Andrew Thorburn said “We are delighted to be investing in Catalyst Education. We think it is a great business. It really helps people, it has a great reputation and is performing well. We look forward to working with Jo and her team on delivering quality training so that they can continue to have an impact in the community”.
Hamilton Locke and HLB advised Anacacia while For Purpose were advised by Gilbert + Tobin and PwC.