Horizon acquires EES For Schools

The deal is the second buy-and-build platform investment to be made from Horizon Capital I. The equity value of EES For Schools, which will be rebranded as Juniper Education following the transaction, remains undisclosed.

Juniper will look to consolidate the UK market for software and services provision to primary and secondary schools under its new owners.

Horizon managing partner Simon Hitchcock will take a seat on the Juniper board.

Clydesdale Bank provided a debt package to support the transaction and has also committed further facilities for follow-on acquisitions.

Lyceum Capital's management established Horizon as a spinout in 2018 and subsequently took on the mandate to continue managing the £330m fund Lyceum Capital III.

Company
Founded in 2013 as a department of Essex County Council and headquartered in Chelmsford, Juniper is a provider of software to the education sector. The company also provides outsourced human resources, training and financial services.

People
Horizon Capital – Simon Hitchcock (managing partner).
Juniper Education – Gavin Freed (executive chairperson); Mike Bibby (finance director); Peter Martin, James Randall (non-executive directors).

Advisers
Equity – Pinsent Masons (legal); Deloitte (tax, financial due diligence); Forward Corporate Finance (corporate finance); Clearwater International (debt advisory); RSM (financial due diligence); CJK Associates (commercial due diligence).
Management – Womble Bond Dickinson (legal).

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• Topics
• Buyouts
• UK / Ireland
• Technology
• United Kingdom
• Horizon Capital (formerly Lyceum Capital)
• Pinsent Masons
• Deloitte
• RSM Global
• Clearwater