Tuffnells owner Connect Group completes disposal of care and education division

Tuffnells Parcels Express

Tuffnells owner Connect Group has completed the sale of its care and education division to education resource provider RM. Connect’s sale of the division to RM for £64.4m, including £56.5m cash and a deficit of £7.9m relating to the business’s pension fun, was announced in February this year. In April the Competition and Markets Authority (CMA) launched an investigation into whether the deal would lead to a “substantial lessening of competition” in the sector. However it received unconditional clearance from […]