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Melorio, a vocational training business set-up to acquire existing training providers, has raised £27.5 million with an IPO on AIM. The firm has also acquired on-site construction assessment and training firm Construction Learning World (CLW) for £35 million.

Tenon Corporate Finance acted as reporting accountant for Melorio and the investors in the IPO and the deal. Tenon Audit acted as auditor to Melorio CLW.

The project was managed by Julian Clough and Richard Lucas from Tenon’s Nottingham transaction services team. The business services and specialist tax teams were lead by David Spencer and Marc Abrams.

Senior manager of Tenon Corporate Finance Richard Lucas said: “Construction Learning World has grown strongly to date, focusing on high quality NVQ assessments. We look forward to Melorio’s continued growth of the business and to consolidate other high priority governmental training areas.”

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