Corndel Ltd
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Corndel Ltd - overview
Established
2016
Location
London, -, UK
Primary Industry
Education/Training
About
Corndel Ltd, based in the UK, specializes in providing apprenticeship programs and professional training solutions aimed at bridging critical skills gaps in large organizations. Corndel Ltd was founded in 2016 and operates out of London, UK. The company focuses on delivering professional training programs to organizations, fostering skill development in various sectors. James Kelly serves as both Founder and CEO.
In October 2024, Corndel Ltd was acquired by Galileo Global Education from THI Investments; financial terms were not disclosed. To date, the company has completed 1 deal, with the most recent occurring in October 2024. Corndel specializes in offering a wide range of professional training programs that address essential skills shortages in large organizations. Their primary offerings include data science, leadership development, and technical skills training.
Partnering with organizations like Imperial College, Corndel provides customized coaching and educational experiences, which are utilized by over 150 organizations across sectors such as finance, healthcare, and technology. The company mainly serves clients in the United Kingdom while also expanding its reach into international markets that require enhanced workforce capabilities. In 2023, Corndel generated a revenue of USD 46. 53 mn, with an EBITDA of USD 8.
79 mn. The company primarily earns revenue through training contracts and custom coaching services, operating under a B2B model wherein organizations engage their expertise to implement professional development programs. Key revenue streams include flagship offerings like the Executive Development Programme and various data-driven leadership programs, aimed at fostering continuous learning and improved productivity for clients. Looking ahead, Corndel aims to expand its business operations under the new ownership of Galileo Global Education.
This acquisition, effective October 2024, is expected to facilitate the company's growth strategies. Corndel plans to introduce new training products that meet evolving workplace needs, although specific release dates have not yet been disclosed. Furthermore, the company aims to expand its presence beyond the UK, targeting international markets in Europe and North America to enhance workforce capabilities. The recent acquisition funding will support these initiatives, enabling Corndel to capitalize on new business opportunities.
Primary Industry
Education/Training
Sub Industries
Education & Training Website, Education & Training Services
Website
www.corndel.com
Verticals
EdTech
Total Amount Raised
Subscriber access only
Corndel Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Corndel Ltd | - |
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