Investment manager Suma Capital has acquired a majority holding in training provider Implika
Confianz is playing a core advisory and supporting role in the ambitious expansion plan undertaken by Implika, a Bilbao-based firm which in a short time has become a nationwide benchmark in vocational training and upskilling. The plan set in motion includes the recent acquisition of a majority stockholding in Implika by the investment management firm Suma Capital, with a view to providing backing for the expansion of Implika by launching new training courses and opening new centres in medium-sized Spanish cities.
Founded in 2009, Implika has quickly become strikingly successful in Spain’s education sector, with sustained growth rates in excess of 27% since 2016. This strong expansion is based on a flexible, highly digital training model that combines online training with face-to-face tutorials and workshops at the firm’s centres, with a clear emphasis on preparing trainees for employment. Indeed, 70% find work within six months.
Implika currently offers a broad range of over 200 courses, and this year expects to exceed €22 million in turnover. Revenues are forecast to double in the coming years thanks to the injection of support from Suma Capital, enabling the range of training offered to be expanded and new centres to be opened in cities where the firm had no previous presence.