Graphite Capital backs MBO of Explore Learning

Graphite Capital has backed the MBO of Explore Learning, a UK-based provider of afterschool tuition for primary school children.

Graphite is acquiring a majority stake in Explore from a group of investors, including the Spectrum Venture Management Fund and Wittington Investments

The company intends to use the proceeds to open a significant number of new centres in the UK and consider overseas expansion.

Founded by CEO Bill Mills in 2001, Explore now operates a network of 62 centres nationally, which provide individualized key skills tuition in mathematics and English to children aged 5 to 14 of all abilities. They also offer additional courses including creative writing, enrichment mathematics and preparation for the 11+ exams.



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