The founders of Selmar Education Institute and Managed Corporate Outcomes have formed a new parent group, Careers Training Group, to create a new force in vocational education in Australia with the support of leading private equity firm Anacacia Capital.
Anacacia Capital identified the $8.4 billion Australian vocational education market with over 1.9 million students as an exciting growth opportunity. Commencing with two high quality niche education businesses, Careers Training Group will look to expand significantly in this sector.
Melinda Symon, Director of Managed Corporate Outcomes, stated: “I am delighted to welcome Anacacia Capital as a partner and am already enjoying working with their team.”
Marcus Sellen, CEO Selmar Education Institute added: “It’s terrific to join with MCO under the Careers Training Group banner with Anacacia. We have an outstanding board and shareholder base in place and this is a great outcome for our staff and students.”
Careers Training Group Managing Director Neil Shilbury, formerly the Australian CEO of Kaplan Education stated: “Marcus and Mel are highly respected in the industry and their businesses are outstanding pillars to add to Careers Training Group”.
Transaction advisors included Sparke Helmore Lawyers, Kligers, PWC, MV Anderson, AON, Risk Capital Partners, Scancorp and McMahon Clarke.
About Careers Training Group
Careers Training Group (www.careerstraininggroup.com.au) is looking to partner with high quality specialist providers in the vocational education sector.
About Selmar Education Institute
Selmar Education Institute (www.selmar.edu.au) was established in 2004 as a Registered Training Organisation and is today a leading provider of certificate and diploma training primarily to the Early Childhood and Aged Care sectors. With state of the art facilities that offer students a modern day learning environment, high quality training is provided both on-campus and in the workplace.
About Managed Corporate Outcomes
Managed Corporate Outcomes Pty Ltd (www.mcosite.com.au) was established in Queensland in 2003 as a Registered Training Organistion and today specialises in training for the business services, financial services, construction, mining and manufacturing sectors. Working primarily with businesses MCO offers training that is customised to suit their individual needs.
About Anacacia Capital
Anacacia Capital (www.anacacia.com.au) manages the Anacacia Partnership private equity fund and seeks to be Australia’s leading private equity firm that specialises in small-medium enterprises. Anacacia provide strategic insight and capital to outstanding management teams to help these businesses to grow. Anacacia have appointed Helen Zimmerman, Jeremy Samuel and Don Raissis as non-executive directors on the Careers Training Group Board.
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