Clearwater International advises on €26m sale of Synarbor to Sovereign Capital
Synarbor plc (Synarbor), a market leading education recruitment business, has been sold to Sovereign Capital Partners LLP. Clearwater International advised the company on the sale.
Synarbor, head-quartered in Sheffield, has over 20 years’ experience in placing staff in the state, independent and international education sectors. The business predominantly supplies temporary teachers, teaching assistants and support staff to its clients, which comprise primary and secondary schools (including academies), and also special educational needs schools and nurseries. The business is differentiated in the market by its unique managed service, schools collaborative approach, including added value offerings ranging from consultancy through to fully managed turnaround services. The business engages with approximately 2,000 clients.
Sovereign Capital’s directors consider that Synarbor has a number of attractive characteristics including its strength of operational brands, branch network and geographical spread. With expectations to invest in Synarbor through additional consultants and resources in order to deliver continued growth, the business can look forward to an exciting period of its history going forward under Sovereign’s ownership.