Inspirit Capital signed an agreement to acquire Civil Training business from Babcock International Group PLC (LSE:BAB) on September 26, 2022. The sale is expected to complete by the end of this calendar year, subject to the satisfaction of relevant conditions including regulatory approval. As of November 22, 2022, transaction is expected to close in coming months.

Houlihan Lokey Capital, Inc. acted as financial advisor to Inspirit Capital. Mayer Brown International LLP acted as legal advisor to Inspirit Capital. Interpath Advisory acted as accountant to Inspirit Capital.

Markjan van Schaardenburgh, Karen Davies, Tim Gummer, Richard Holmes, Rhiannon Webster, Steven Vaz, Crowley Woodford, Ruth Buchanan and John Gordon of Ashurst LLP acted as legal advisor to Babcock International Group.