BPP for sale

TDR Capital is reportedly selling its professional training course business BPP for a reported £2.5 billion.

The private equity firm bought BPP for less than £700 million some three years ago, and according to experts the business is likely to be sold to another private equity firm.

Bankers Houlihan Lokey and Morgan Stanley have been brought in to help with the sale this summer.

BPP was founded in 1976 by Alan Brierley, Richard Price, Charles Prior to provide accountancy training to accountancy students.