Assertion Supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

Olberg sold his previous training company to private equity for £45M

Richard Olberg · He Hit $8m in Revenue Helping UK Companies Train Employees Faster and Comply with Regulation · Nov 1, 2023 · at 17:38

Richard Olberg clarifies the exit valuation of Corndel, which was founded to be Aptem's pilot client, after discussing a 45 million exit figure with Nathan Latka.

0:00 / 0:08exact quote · 8.5s

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“Then we sold that business to private equity at the end of, in November, 20, 20. And by the way, we sold it for that number in sterling, not dollars.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Richard Olberg and his partner sold Corndel to private equity in November 2020 for 45 million pounds sterling.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Every component of the claim is corroborated by UK regulatory filings and financial reporting. Co-founders Richard Daniel Alberg (transcribed phonetically as Olberg) and James Kelly sold their majority stake in Corndel Limited to private equity firm THI Investments on 27 November 2020. Companies House filings confirm that THI Investments' acquisition entity became the Person with Significant Control on 27 November 2020, coinciding with Alberg stepping down as a director. Additionally, independent reporting by FE Week in January 2021 verified the acquisition value as 'more than £40 million,' consistent with the £45 million figure stated by Alberg.

UK Companies House filings confirm THI Investments acquisition vehicle (Enterprise Training 3 Limited) became PSC of Corndel Limited on 27 November 2020, and Richard Daniel Alberg ceased to be a director on that date.
FE Week reported on 23 January 2021 that THI Investments acquired Corndel for 'more than £40 million' in November 2020.
Advisory announcements from Lincoln International and Houlihan Lokey confirm the completion of THI Investments' private equity buyout of Corndel in late 2020.

Checked against

[1] corndel.com [2] service.gov.uk [3] dataiq.global [4] hl.com [5] mishcon.com [6] lincolninternational.com [7] service.gov.uk [8] service.gov.uk

"Corndel" "THI Investments" "deal value" OR "transaction value" OR "financial terms" "Corndel" "THI" "45" OR "£45" "Corndel" founders "James Kelly" "CORNDEL LIMITED" "09848148" OR "officers" OR "shareholders" "CORNDEL" "Richard Olberg" OR "Richard" "Corndel" "THI Investments" "million" "November 2020" OR "December 2020" "Corndel" "Enterprise Training" "2020" OR "13000405" Corndel acquired THI Investments November 2020 "Corndel" "November 2020" "45 million" OR "40 million" OR "50 million" "Corndel" "THI" "45 million" OR "£45" OR "valuation" OR "value"

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Corndel Richard Olberg

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Disclosure

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Assertion Not checkable as stated

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Olberg sold his previous training company to private equity for £45M

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