Education recruiter finds Zen with 'exciting' takeover
An education recruitment agency says it is primed to enter an “exciting new chapter” following a takeover.
AK Teaching has become part of Zen Educate.
Bosses say the switch to the international education staffing technology platform will “enhance” services and strengthen growth plans.
Under the terms of the deal, AK Teaching’s management team will continue to run the business as part of Zen Educate.
Founded in 2012, Sunderland-headquartered AK Teaching supplies teachers, early years practitioners, nursery nurses and teaching assistants to primary, secondary and SEND schools.
Zen Educate’s technology helps connect schools with educators across the UK and US.
Anthony Kirtley, founder and managing director of AK Teaching, which operates branches in Sunderland, Newcastle, Middlesbrough, Leeds and Sheffield, said: “Over the past 13 years, we’ve built a trusted partner for schools and candidates across the North.
“Joining Zen Educate marks the start of an exciting next chapter.
“Their investment, technology and vision will help us enhance the service we provide to schools and continue our growth, while staying true to the values that got us here.”
Slava Kremerman, Zen Educate chief executive, added: “AK Teaching is a fantastic addition.
“It is a well-established business with an excellent reputation, strong regional presence and a team that shares our commitment to supporting schools, educators and pupils.”
AK Teaching shareholders were advised on the deal by Newcastle-based RG Corporate Finance, led by partner and head of corporate finance Carl Swansbury alongside corporate finance senior manager Sam Shield and corporate finance executive Andy Alexander.
Carl said: “AK Teaching is a North East success story, a business that has grown consistently, built strong relationships with schools and candidates, and become an attractive acquisition for a highly ambitious international group.
“This transaction demonstrates the strength and potential of high-performing regional businesses in the human capital sector.”
Legal advice was provided by Newcastle-based Muckle LLP.
Zen Educate received legal advice from Trethowans, and financial and tax due diligence support from Wilson Partners.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
Navigating the messy middle of business growth
We must make it easier to hire young people
Why community-based care is key to NHS' future
Culture, confidence and creativity in the North East
Putting in the groundwork to boost skills
£100,000 milestone drives forward STEM work
Restoring confidence for the economic road ahead
Ready to scale? Buy-and-build offers opportunity
When will our regional economy grow?
Creating a thriving North East construction sector
Why investors are still backing the North East
Time to stop risking Britain’s family businesses