Cripps supports successful merger of Kent colleges
Two Kent colleges have successfully completed their merger to become EKC Group.
Cripps advised East Kent College on its merger with Canterbury College, and the newly-created group will have a turnover of approximately £55m, employing more than 1,000 staff and serving around 15,000 students.
The merger enables the new EKC Group to plan for skills requirements in Kent better than ever before providing the best possible student experience and outcome for learners. This also allows for the delivery of relevant and high quality training to support businesses, including apprenticeships.
The Cripps’ team which was led by Salim Somjee and included Nick Rowe, Roberta Organ, Irfan Baluch and Phil Bilney, worked with the East Kent College merger team throughout the process, including due diligence, the merger mechanics and funding.
Salim commented “It has been a pleasure working on this exciting project and great to have the opportunity to work with East Kent College again, having previously advised on their takeover of K College’s Dover and Folkestone campuses in 2014. EKC is passionate about providing its students with the best possible opportunities and being someone that is born and educated in Kent, from a personal perspective, it is rewarding to help support EKC through a transaction that will have a positive effect on education in the South East.”
Paul Sayers, the Executive Director responsible for the merger said: “I have worked closely with Cripps throughout the merger process. Salim and the team have been unfailingly supportive and their knowledge and understanding not only of the technical aspects of the process, but of our organisation and the education sector has helped us bring this strategically important project to a successful conclusion.”