For Purpose Investment Partners has agreed to acquire the specialist aged-care education provider Catalyst Education. It’s one of two deals that’s likely to form part of the not-for-profit investor’s ambition of raising a $250 million special investment vehicle.
Catalyst Education provides vocational education and training for key social sector workers in areas such as childhood education, aged care and disability care. It’s centred in Victoria, with a presence in NSW and Queensland.
“We are delighted to be investing in Catalyst Education. We think it’s a great business. It really helps people, it has a great reputation and is performing well. We look forward to working with Jo and her team on delivering quality training so that they can continue to have an impact in the community”. For Purpose Director, Andrew Thorburn says.
The deal is aligned with one of the investment firm’s five core areas of focus, skilled education.
The other four core areas are: aged care, disability, social and affordable housing, and mental health. As For Purpose builds out its asset base in the sector it seems clear that Catalyst will complement their offering, and the management expertise from the team will help nurture the growth and development of the education provider.
For Purpose is a not-for-profit investment manager founded in 2020 by Michael Traill, founder of Goodstart Early Learning, and Andrew Thorburn, ex CEO of NAB.
The deal saw the exit of Anacacia Capital who have been major investors in Catalyst since 2013.