Exchange Group operate a national network of over 30 skills training centres in public libraries, secondary shopping malls and co-located on partner premises. The centres currently work with over 30,000 individuals a year, supporting them in achieving basic skills qualifications in numeracy, literacy and IT skills and find jobs.
PPDG delivers an extensive portfolio of employment and skills programs for individuals to realize their potential, together with a tailored recruitment service that supports businesses in their growth and development.
Smedvig Capital initially invested in Exchange Group in 2003 and will realise an IRR of over 20% on the sale.
The amount of the transaction was not disclosed.