Capital Injection To Fund Future Growth
A Sheffield-based corporate lawyer has advised leading national online education provider, TLC Education Group, on its funding round aimed at supporting its international expansion.
The capital injection by 1886 Investments Ltd and other equity investors will help TLC to develop its three-pronged business strategy which focuses on providing tuition services to UK schools, UK consumers and the international market through its online learning platform.
Matt Ainsworth, a Partner at the Sheffield office of national firm, Irwin Mitchell, who continues to advise the business, supported TLC Investment on the transaction. He said: “This is a significant development for TLC. The business is keen to capitalise on its recent success and this deal provides huge opportunities for the business to build in the future and realise its international potential.”
Simon Barnes, CEO and founder of TLC Education Group said: “The funding from 1886 Investments will accelerate our plan to expand our tuition service across the globe. Its strong ties throughout the Commonwealth will help us introduce TLC LIVE to a wider international audience. We’re extremely excited about the partnership’s potential.”
UK-based 1886 Investments Limited is the operating and investment subsidiary of the Commonwealth Education Trust which can trace its origins back to 1886.
John Picknett, Managing Director of 1886 Investments Limited, said: “We are seeking to establish long-term commercial partnerships through investment in organisations that operate in the education sector, have the right leadership and have potential for growth internationally. We believe that TLC Education Group is such an organisation”.