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Exclusive: EV-backed Trainor mandates Houlihan Lokey to run sale

EV Private Equity has appointed Houlihan Lokey to run the sale of Trainor, a Norwegian company specialising in training and e-learning for the energy sector, EducationInvestor Global can reveal.

This publication has learnt that the business will be marketed off an EBITDA of around £3 million, according to two sources close to the process.

EV acquired a majority stake in Trainor only two years ago, investing in the business alongside its management team, which retained a minority holding. Subsequently, Trainor bolted on two Swedish companies: safety courses provider Teknikutbildarna, bought in May 2021, and electrical safety education company Distansia, purchased in March 2022.

“Trainor’s sale process is likely to attract a good number of small and mid-sized private equity firms that already own an asset in the e-learning space and plan to further boost their platforms with a new add-on, while also expanding to the Nordic region,” a source told this publication.

Founded in 1995 and based in Tønsberg, Trainor specialises in providing electrical safety training, digital solutions and consultancy services to the global energy, renewables, power, grid and offshore industries. The company generates annual revenue of around £12.5 million.

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