TPG, Investcorp to infuse capital into SEN provider OFG

OFG is an education provider to young people and adults with autism and learning disabilities.

  • TPG, via The Rise Fund, will make a majority investment in OFG
  • Investcorp to buy minority stake
  • Stirling Square acquired OFG in 2019

TPG and Investcorp have agreed to invest in Outcomes First Group (OFG), a UK-based education provider to young people and adults with autism, learning disabilities and special education needs (SEN). Stirling Square Capital Partners is the seller.

TPG, via The Rise Fund, will make a majority investment in OFG, with Investcorp making a minority investment.

Bolton-based OFG operates 56 schools that serve over 3,000 students between 3-25 years of age.

“Outcomes First Group expands access to high-quality education for a neuro-diverse population at a time when there is a growing demand and a demonstrated need for impact-driven organisations that prioritise the highest standards of education, therapeutic care, and deep operational engagement,” said Hichem Omezzine, business unit partner at The Rise Funds.

Stirling Square acquired OFG in 2019.

Investcorp Capital, a capital and capital financing service provider in the alternative investments space, will underwrite Investcorp’s investment, according to a release.

Investcorp is a global investment manager with over $48 billion in total assets.

San Francisco-based TPG is a global alternative asset management firm.

Stirling Square is a pan-European investor targeting mid-market businesses in the €100 million to €500 million enterprise value range. It manages over €3bn in assets. It is based in London.

Moelis & Company served as financial advisor to The Rise Fund and Investcorp in relation to the transaction. Ropes & Gray and Gibson, Dunn & Crutcher served as legal counsel to The Rise Fund and Investcorp respectively. Rothschild served as financial advisor and Milbank and Fried Frank served as legal counsel to Stirling Square.