Houlihan Lokey Advises Outcomes First Group
Houlihan Lokey is pleased to announce that Outcomes First Group, a portfolio company of TPG Rise Fund and Investcorp, has acquired Tute Education. The transaction closed on 17 April 2025.
Tute Education, a trusted provider of online education solutions for local authorities, schools, and non-mainstream settings, specialises in alternative provision and targeted interventions. It delivers high-quality learning experiences to students across key stages one to five through a purpose-built online platform and offers flexible, scalable solutions that fill critical gaps in the education system to ensure every pupil receives the education they need to succeed.
Outcomes First Group, a recognised leader in delivering exceptional education through a portfolio of high-quality schools in the U.K. and internationally, combines deep expertise across mainstream and specialist settings. In addition to providing personalised education for pupils with special educational needs and disabilities (SEND), the group works in partnership with more than 500 mainstream schools to help young people overcome barriers and engage with education, alongside operating a growing portfolio of mainstream, nonselective, independent schools. This development marks a significant step forward as the group continues to strengthen its commitment to providing personalised and flexible learning pathways that empower pupils to thrive.
Houlihan Lokey served as the exclusive financial advisor to Outcomes First Group on its acquisition of Tute Education.
This transaction builds on Houlihan Lokey’s market-leading position in the global education and training sector, including the schools and related primary and secondary education markets where selected transactions include the sales of Copperfield Education and Minerva Education to Dukes Education, CPOMS to Raptor Technologies, and itslearning to Sanoma Learning, together with the investments in Thomas’s London Day Schools by Oakley Capital and in Twinkl by Vitruvian Partners, as well as the acquisitions of Forfar Education by Mubadala Capital, Eaton House Schools by Dukes Education, Kids&Us by Charterhouse Capital, MPW by Kaplan, and the investments in Inspired Education by TA Associates and in The Key by CBPE.*
*Selected transactions were executed by Houlihan Lokey professionals while at other firms acquired by Houlihan Lokey or by professionals from a Houlihan Lokey joint venture company.
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