Key Capital Partners completes £6m investment in Fuel Learning

Key Capital Partners has made a £6m investment into Fuel Learning, a specialist leadership and management training provider.

Based in the Midlands, Fuel Learning’s 80-strong team provides tailored leadership and management development programmes to clients in sectors including transport, retail, logistics and construction.

Since 2009 Fuel has provided commercial leadership development and in 2017 became a member of the UK’s Register of Apprenticeship Training Providers (RoATP) to provide apprenticeships through the UK Apprenticeship Levy scheme.

Key Capital Partners has acquired a significant minority stake in Fuel Learning, with its investment led by Philip Duquenoy and Sandeep Banga.

The experienced management team, led by Ian Prentice (chief executive), Pete Hames (finance director), Sarah Appleton (client services director), Karen Priestley (leadership development director) and Kate Baker (director of levy programmes), will remain in the business and will be supported by incoming non-executive chair Paul Venables, who was formerly the CFO of Hays.

PMSI provided the CDD for the deal including analysis of the leadership and management training market both within and outside the Levy scheme, the competitive landscape, as well as in-depth research of the political environment.

Sandeep Banga, Investment Manager at Key Capital Partners, commented: “PMSI offered valuable insight and a pragmatic approach to our project requirements. Catherine and her team were able to provide a quick turnaround, as is often needed on transactions, and were a pleasure to work with.”