Northcote Equity takes a minority stake in Aquila Learning

● GROWTH | GOVTECH · Defense & Intelligence

SEPTEMBER 17, 2026

Northcote Equity takes a minority stake in Aquila Learning

TARGET

Training lifecycle management software (ALaRMS) for defence and aerospace organisations, covering analysis, design, delivery and assurance of complex, high-risk training programmes.

Ownership	Founder-owned
Headcount	14 FTEs
Headquarters	Bloxham, United Kingdom
Leadership	Mark Radbourne, CEO
Sell-side advisor	—

INVESTOR

Northcote Equity

UK and Ireland PE firm investing in technology and services companies via minority and majority structures

Headquarters	United Kingdom
Deal team	Charles Dale
Buy-side advisor	—

Share deal Copy details View press release ↗

Northcote Equity -> Aquila Learning  (2026-09-18)
minority_investment | GovTech | announced
Target: Training lifecycle management software (ALaRMS) for defence and aerospace organisations, covering analysis, design, delivery and assurance of complex, high-risk training programmes.
Website: aquilalearning.com | Buyer site: northcote.pe
HQ: Bloxham, United Kingdom | Ownership: founder-owned
Advisors - not yet credited
Source: Thematic - https://thematichq.com/software/d/northcote-equity-aquila-learning.html

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