October

Canaccord Genuity Hawkpoint advises TQ Holdings Limited on its sale to Pearson Plc

TQ Holdings Limited (“TQ”), signed an agreement to dispose of 100% of their share capital to Pearson Plc for an undisclosed amount.

TQ is an international technical and vocational education and training provider offering the full spectrum of training services, from training needs analysis to fully outsourced delivery. Service provision covers a wide variety of clients across a range of sectors in the UK and Middle East including ‘A-level’ education for young prospective technical officers, technical training for Oil & Gas personnel and adventure leadership training in outdoor environments.

TQ generated gross revenues of £25.2m and EBITDA of £5.3m for the year ended 30th September 2010.

Canaccord Genuity Hawkpoint acted as the financial advisor to TQ Holdings Limited and its management in order to assist them on the strategy and tactics during the transaction.

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