Tresmares Capital, a leading independent private capital fund manager focused on the lower middle-market, is pleased to announce that it has acquired a minority stake in Exam Papers Plus Limited (EPP) to support current shareholders and the management team during the next phase of growth. EPP is a leading provider of test prep materials focusing on selective schools’ admission exams.

The deal has been led by Ignacio Calderon, Partner of Tresmares Private Equity in Spain. RSM acted as the Financial advisor for Tresmares.

Osborne Clarke acted as legal advisor with a team led by partner Alistair Francis and associate director Seamus McKimm, and assisted by associates Demi Joannides and Rachel Barbour. Senior associate Bridget Baillie and partner David Nisbet advised on Tax.

Miguel Sanchez, Investment Director of Tresmares UK, who will support the Company as Non-Executive Board Member said: "Upon expanding into the UK, we wanted to start building key relationships with lawyers to support us. Seamus and the rest of OC’s team showed professionalism and nimble thinking, adapting to every situation during all the stages of the deal. Definitely, they will be one of our key relationships for our UK based activity”.

Philippe Arbour, CEO of Tresmares UK added: “This is an excellent example of a founder-led company disrupting a growing market, and I will be delighted to join EPP’s board of directors to help Faisal and the Company for the next phase of growth. I am also excited to announce that Tresmares will raise a €300m pan-European minority equity fund that will allow the UK team to pursue transactions of this nature in 2024”.

Osborne Clarke’s Corporate team is a go-to practice for companies in the 'EdTech' sector, working with global businesses to fast-growth start-ups and market challengers. The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.

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