UK-based Cambridge Education Group has been sold to a US-based private equity firm, Bridgepoint Capital, it was announced today, for an enterprise value of UK£185 million. Ex-owners, Palamon Capital, acquired CEG in 2007 and achieved an acquisition multiple of 11 times the current year trading forecast.
Education giant Pearson has made a major acquisition in Brazil of an ELT business that spans several brands and serves 800,000 students. The acquisition of Grupo Multi for UK£500m will enable Pearson to leverage booming demand for ELT from the expanding middle classes, it said.
Hotcourses – the UK-based online publisher of global and national education opportunities – could be sold to a digital specialist investment buyer in a deal that will aim to double Hotcourses’ business over the next five years, co-founder and CEO Mike Elms has revealed to The PIE News. Any investment will fuel further expansion plans, with China a strategic focus.
Cambridge Education Group (CEG) has acquired US English language teaching operation Boston Academy of English, rounding out its portfolio of education institutions in the American city and marking another first in its campaign to expand internationally.
Global University Systems (GUS) has gone public as the overarching group and brand that joins together operations including the well known LSBF business school enterprise. GUS’s latest group member is GISMA Business School in Germany, rescued from insolvency.
Canadian-based CIBT Education Group Inc. has agreed to sell its subsidiary King George International College & King George International Business College (KGIC) to Loyalist Group Limited, a consolidator of English as a Second Language companies, for CAN$13.5 million subject to certain adjustments.
Madrid-based Ideal Education Group (IEG), which runs Spanish language teaching brands Enforex and Don Quijote among others, has announced its acquisition of Academia Columbus, which is a three-strong brand of South American language schools, previously owned by the Thebing Travel Group.
New owner of Apple Languages, Jos van Kerkhof of Netherlands-based StudyTravel, has confirmed that with the support of the study travel sector, he is steering the UK-based outbound study agency which he acquired last year towards recovering business vitality. He has set up a new company ALC that is running operations.
In a major transaction in the international schools sector, World Class Learning (WCL) Group has been sold to another major player, Nord Anglia Education, in a deal which sees Sovereign Capital “realise the investment” it made in WCL Group – which operates 11 schools globally – in 2008. The acquisition is said to be worth US$222 million.
UK education group ISIS Education, headquartered in London, UK, has acquired fellow London-based operation, United International College (UIC), an award-winning language training company that runs a school in central London, three residential summer programmes and a large foreign language teaching operation.