RJD backed a £24m management buy-out three years ago by Barclays Private Equity. An industry source told Recruiter: “RJD is halfway through the process of selling, and is engaged in discussions with a number of private equity houses about who is going to be the exclusive bidder before completing the transaction.” The source adds: “This is an unusual time to sell a business that is reliant on the public sector because we are still the other side of the Comprehensive Spending Review.” Both RJD and Teaching Personnel declined to comment on the situation.