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Chesterfield-based NVQ Nail & Beauty Specialists Training Academy, which operates as Klass Training Academy, has been sold to investment vehicle MBH Corporation in a deal valued at Â£ 600,000.
NVQ is a specialist in providing a range of beauty training courses that acts as the Vocational Training Charitable Trust (VTCT).
Within the Education vertical of MBH, NVQ will reside under Acacia Training.
For the year ended March 31, NVQ generated revenue of Â£ 300,000.
Victoria Sylvester, Managing Director of Acacia Training, said: âNVQ is a fantastic company and we are delighted to be joining the Group as part of our tactical acquisition strategy. We can see clear opportunities for us to learn from each other as we seek to further develop our business footprint in the education sector. “
Callum Laing, CEO of MBH Corporation, said, âThis is the latest step in expanding our education vertical which has long been a big part of our plans as we move forward. The depth of experience and knowledge within NVQ will serve MBH’s broader portfolio incredibly well as we continue to collaborate as a group during this extraordinary year. “
Amanda Sumner, Founder of NVQ, said: âI am delighted that NVQ Nails & Beauty is now part of the MBH family. We are really excited to be part of the Group and to work in the future in collaboration with Acacia Training and other companies in the Group to take advantage of our existing and future opportunities to continue to grow the business. “