• Date

    05 Dec 2023
  • Category

    Corporate Finance

Azets Ireland advises IICP Education & Training Limited on its sale to Folens

Azets Ireland’s Corporate Finance team are proud to have advised the shareholders of IICP Education & Training Limited, an educational excellence institution which offers a wide range of accredited counselling and psychotherapy courses, on the sale of the company to Folens.

IICP is a Dublin-based college, founded in Killinarden, Tallaght in 2003, and aims to provide training and education to the wider community of professionals and volunteers working in the care sector. IICP offers a comprehensive training and education programme for those wishing to gain professional accreditation and academic endorsement in mental health services.

Folens, the Irish-owned educational and resource publishing company, has been in business for 65 years and their acquisition of IICP marks their third acquisition in recent years, as they broaden their reach in the education and learning sector.

Marisa Finnerty of IICP, said “We found the Azets team extremely professional, capable and client-centred as they expertly navigated the sale process to completion for us.  Their commitment to finding the right buyer in terms of fit for the business ensured the best chance of a successful closing as well as giving us comfort that the legacy of the business would be secured and in good hands for the future. I personally found the team fantastic to deal with on a day-to-day basis; extremely responsive, supportive and completely cool under pressurised circumstances.  I would have no hesitation in endorsing the Azets Corporate Finance Team for anyone considering embarking on a sale process.”

Speaking of the deal, Greg Hogan, Corporate Finance Partner, said “We were delighted to advise the Finnerty family (Marcella, Marisa and Pat) on the sale of their shares in the company to Folens. Great to see a female founder, Dr. Marcella Finnerty, realise value after a lifetime of work in the sector and in partnering with Folens we know that the company is in safe hands and will continue to grow and prosper. We wish Marcella and Folens all the best for the future”.

Details of the transaction are set out in this The Times article.

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