LDC, the private equity investor which is part of Lloyds Banking Group, said it has exited its investment in Newcastle education company The Edwin Group to New York private equity firm Quad Partners.

The Edwin Group works with schools and multi-academy trusts to recruit and retain leaders, teachers and support staff.

The group is one of the UK’s largest providers of supply teachers to primary, secondary and special educational needs schools across the Vision for Education, ABC Teachers and Smart Teachers brands.

In the last 12 months, The Edwin Group has recruited over 11,000 teaching and support staff.

LDC backed the management buyout of The Edwin Group in December 2020 from Tes Global.

Following the carve-out, the management team, led by CEO Liam Roberts and the core team of Darren Starling, Will Washington and Fiona Baker, pursued an ambitious growth strategy underpinned by four acquisitions and the expansion of the group’s market leading services.

The business now works with over 4,500 schools across the UK and opened nine new locations during the investment period.

US-based specialist education investor Quad Partners will now support The Edwin Group on the next stage of its growth as the business continues to broaden its support for schools to address challenges linked to the recruitment and retention of teachers.