SME Capital has supported the The Beauty Academy on their management buy-in with a 5 year term loan.
The Beauty Academy provides high quality, intensive beauty therapy training courses. The company offers over 120 courses all year-round, including weekends, providing online courses and classroom based training from their permanently established and highly equipped 11 training centres located across England. All courses are ABT (Associated Beauty Therapists) and IPHM (International Practitioners of Holistic Medicine) accredited and led by qualified and experienced tutors.
Having started the business over 30 years ago, pioneering short-term beauty courses, the current owners wanted to retire with the business in safe hands. In Lee Wojtkiw they have found a buyer who will continue the successful growth of this well regarded independent business and take it to the next level.
Lee Wojtkiw commented, “I am delighted to have worked with SME Capital to fund my latest investment. Their funding solution will provide an excellent platform for the company to further develop its standing as the UK’s leading provider of beauty therapy training courses.
Huge thanks to SME Capital's team and platform, their innovative and pragmatic approach to the transaction was invaluable in what proved to be a complicated process.”
Working closely with the team we were able to provide a bespoke 5 year funding structure including a 6 month capital repayment holiday and lump sum part bullet to allow time for Lee to digest the acquisition and ease cashflow in the early months.
SME Capital Regional Director, Stuart Watson said, "This is an excellent niche business and in Lee Wojtkiw they have a new owner who brings a wealth of commercial experience and exciting plans for further growth. We look forward to further supporting Lee and the team and every future success."
“Huge thanks to SME Capital's team and platform, their innovative and pragmatic approach to the transaction was invaluable.”
– Lee Wojtkiw, Owner, The Beauty Academy
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