Leading private equity provider LDC has invested in a £20million transaction to support the future growth of The Training Room (TTR), one of the UK’s leading providers of vocational training and accreditation for gym instructors and personal trainers.
LDC has invested alongside founder and CEO Jonathan Davies, who will retain a significant shareholding.
TTR has experienced significant growth in recent years as a result of strengthening relationships with national gym chains and it’s specific focus on web-led sales. The business is now well-positioned for future growth.
The transaction will provide the capital required to accelerate the continuing growth of the business, by introducing new training areas and disciplines into TTR’s product offering and expansion into international markets.
LDC Investment Director Alastair Weinel commented:
“With a growing demand from the UK fitness industry for highly qualified personal trainers and gym instructors, TTR is well positioned to maximise future growth. We are partnering with a high-quality and entrepreneurial CEO in Jonathan Davies, who has great knowledge of the personal training sector and has successfully built TTR from a zero base over the last seven years.
“The company provides a high-end service to some of the UK’s leading gym providers, and has a network of strategically located course centres right across the UK. Going forward, we will work closely with the team to help them execute the next phase of the business’ growth and development.”
Jonathan Davies, founder and CEO of The Training Room said:
“LDC’s investment and support brings additional strategic input and financial backing to our business. Since I established the business in 2006, TTR has grown to become a market leader in the personal trainer training industry, with a customer-base that includes some of the UK’s leading gym-chains.
“Going forward, we intend to increase our rate of growth in training areas and expand into new ones. Our services continue to be well received by the fitness market and we are keen to capitalise on the numerous opportunities that exist for profitable growth with LDC’s support.”
The deal with TTR forms part of LDC’s continuing strategy to invest in leading mid-market businesses, backing high calibre management teams. It represents LDC’s 15th new investment of 2013, having invested over £250million of new funding, together with a further £28million of capital to support portfolio business acquisitions. Last year, LDC invested over £300million across 18 investments.