Exciting announcement from Catalyst Education CEO, Jo Asquith and For Purpose Investment Partners Executive Director, Andrew Thorburn.
WATCH: Catalyst Education’s exciting acquisition by For Purpose Investment Partners
Since 2013, Anacacia Capital has been the major shareholder of Catalyst Education. During that time and through our renowned Registered Training Organisations (RTOs), Selmar Institute, Practical Outcomes and Royal College of Healthcare, we have grown to become a leading provider in Australia, delivering our learner-centric training in key community services sectors, early childhood, aged care, and disability.
As we continue to grow our business into existing and new markets, focussed on supporting these vital sectors via our ethos of providing future-ready professionals who value care and compassion, we are in a very strong position.
Jo Asquith CEO of Catalyst Education has announced, “Due to the strength of our current position, and as a result of recent discussions with and subsequent due diligence work, on behalf of the Catalyst Education board and our senior leadership team, we are delighted to announce For Purpose Investment Partners have acquired Catalyst Education,” Ms Asquith said.
“As Catalyst Education embarks on developing and driving our social purpose as the cornerstone for all that we do, the For Purpose team provides incredible alignment. For Purpose, as a not-for-profit investment company, is committed to providing more than capital. They bring support in forming deep networks, mentoring and operational experience with embedded social impact objectives,” Ms Asquith added.
For Purpose Investment Partners has an explicit focus on five social sectors of significant social need and where capital investment can create meaningful change outcomes in skills education, aged care, mental health, disability, social and affordable housing.
“For our valued learners and clients of our courses, beyond our existing continuous improvement initiatives, they will not see any direct changes to their experience with us. With the support of For Purpose we will continue to provide and enhance the quality training, support and services you have come to expect from us.”
“We will continue to strive to deliver on our vision; for a future where compassion thrives, where people support each other to connect, belong and feel valued at every stage of their lives,” Ms Asquith explained.
What will change is the ownership and the board to which Catalyst Education report.
In anticipation of any additional questions our learners or clients may have regarding this change, we have created a short FAQ below. For further information learners can contact their trainer directly, clients can contact their relevant RTO representative.
“We are extremely excited with this announcement, have already built a fantastic working relationship with the For Purpose team, and are eager to start the next chapter in the Catalyst Education journey,” Ms Asquith concluded.
Frequently Asked Questions
Who is For Purpose Investment Partners?
For Purpose Investment Partners aims to be Australia’s leading, institutionally backed social impact investment manager. Focused on large scale capital investment opportunities For Purpose provide appropriate risk-adjusted economic returns to investors and meaningful social returns to the broader community.
For Purpose bring together expertise and networks from social and financial ecosystems into a single ‘For Purpose’ model, with an explicit focus on five social sectors of significant social need and where capital investment can create meaningful change outcomes: Skills Education, Aged Care, Mental Health, Disability and Social Affordable Housing.
What does this mean for Catalyst Education’s RTOs?
Our renowned RTOs Selmar Institute, Practical Outcomes and Royal College of Healthcare will continue to deliver the quality courses our learners and clients have come to expect from these three leading VET providers. Beyond our ongoing continuous improvement, with the support of For Purpose we will continue to provide and enhance the quality training, support and services you have come to expect from us.
I’m a learner, will my training or trainer change?
Our training team and staff will remain the same. Your trainer and the learning experience you receive from us will remain the same. Our learner support services and extensive sector network will remain.
I’m a centre/facility manager or client. Will how I work with you change?
Our teams will remain the same, along with our training team and your current client representative contact. We will continue to work with you as we do today. And look forward to doing so.
Will your contact details and location change?
Our contact details and the contact details of our RTOs and staff will remain the same. Our head office will remain at Level 2, 80 Dorcas St Southbank, Victoria, 3006.
Will you still deliver the same courses?
All of our existing courses will continue to be delivered.
What is the make up of the new board?
You can see all our new board members and their bios on our Catalyst Education Website, our team page.
Who can I contact if I have more questions?
If you have more questions, learners please contact your trainer directly. Our valued clients can connect with their current representative contact.
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