PracticeConsultingAccountant training firm buys its way into the City

Accountant training firm buys its way into the City

BPP Holdings, the training group which has helped thousands of accountants through their professional exams, has acquired Hyperion Training, the City school that helps analysts and stockbrokers to pass professional exams, for £15.2m.

Hyperion, a private company, had sales of £5m for the year ended July 1999 and pre-tax profits of almost £800,000.

Its clients include banks such as Merrill Lynch, Goldman Sachs and Credit Suisse First Boston.

Most of its tuition is through distance learning or short courses of one to three weeks at Hyperion’s training suites in the City.

The acquisition will turn BPP into the dominant player in training in the City, reinforcing the position it has built up in the legal, accounting and actuarial professions.

Finance Jobworld becomes number one online financial recruitment service

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