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Exclusive: Makers Academy appoints Ashcombe to run sale

London-based coding bootcamp provider Makers Academy has mandated Ashcombe Advisers to launch a sale of the business, EducationInvestor Global can reveal.

Founded in 2012 by Rob Johnson and Evgeny Shadchnev, Makers Academy offers 16-week computer programming bootcamps and web development courses.

The company’s curriculum is centred around learning to code by doing, with a focus on Agile best practices like TDD and pair programming. Courses comprise programming languages such as Ruby, Javascript and Python as well as a set of skills and methodologies, including object-oriented design, test driven development and version control with Git.

“The sale process for Makers is likely to attract a good number of players, from ed tech companies to financial sponsors,” a source familiar with the business told EIG. “This sector has been booming in the last few years and has become even more attractive after the start of the pandemic. We have heard of several private equity firms that are trying to enter this space, which remains very fragmented and rich in high-growth opportunities.”

Numerous businesses operating in the coding education sector have been placed on the market recently, including Ireland-based Code Institute, which appointed Alantra to run a sale that is expected to launch in Q4 2022, as reported by this publication.

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