London – April 25, 2018 – Rockpool is pleased to announce its recent investment into Interact, a pioneering learning and development company providing bespoke training and skill development using “practice-based learning”. Joining Interact as CEO is training sector specialist Ben Benson, formerly VP of Sales at a leading United States training company and founder of training firm, Benson & Company.
Working closely with its customers, Interact designs training courses delivered to participants by theatre-trained actors, creating immersive learning experiences that reflect real workplace scenarios. A key supplier to major training institutions such as the London Business School and Harvard Business School, Interact’s portfolio of clients has included BT, Transport for London, the Royal College of General Practitioners, the Foreign & Commonwealth Office, Google and PwC.
John Nicholson, formerly Chairman of NCE Group, which Rockpool successfully exited in 2017, will join Interact in a non-executive capacity to guide Ben and the company as it further develops its presence in the fast-growing global learning and development market.
Rockpool was advised by Charles Russell Speechlys, Dow Schofield Watts and Catalysis Advisory on the transaction. Ben Benson was advised by HMT.
Darran Green, Investment Director at Rockpool said:
“We are delighted to support Ben in the acquisition of Interact and look forward to working with him and the company. We were impressed with Interact’s reputation for innovation and track record of customer loyalty, and see a strong pipeline of opportunities for the company to grow and further consolidate its role in the sector.
Ben Benson, Chief Executive Officer of Interact, said:
“We look forward to this relationship with Rockpool Investments. They understood our business model and supported our approach to creating a new and more accessible approach to learning and development. This acquisition will expand Interact’s training capabilities in the UK, Europe and the United States and provides us with additional capabilities to continue our market leadership.”
Rockpool Investments is an independent private equity firm dedicated to creating opportunities for individuals through investment in private companies. The Interact deal forms part of Rockpool’s continuing strategy to support high quality SME management teams across the UK.
Rockpool provides equity and loan finance of £3m to £12m to profitable private companies. It has invested over £300m across more than 60 portfolio companies and aims to invest approximately £100m annually. Rockpool provides funds for MBOs, growth and development funding, and equity release in companies with turnover greater than £5m.