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INTO: applications up 30%, won't confirm sale

INTO University Partnerships, the global pathway provider, has reported that student applications have risen considerably across its group. However, it has declined to comment on claims that it is selling a minority stake of its business to private investors.
June 18 2012
2 Min Read

INTO University Partnerships, the global education partnering organisation, has reported that student applications have risen considerably across its group. However, it has declined to comment on claims that it is selling a minority stake of its business to private investors.

In its weekly newsletter, INTO said applications were up by almost 30% across its university partnerships, which offer pathway, language and degree courses in the UK, US and China. It put the rise in interest in large part down to the market activities of its regionally based staff.

“We are facing one of most intense summers yet, with unprecedented growth in applications, as well as two different school years graduating at the same time in Hong Kong. It is an exciting time,” Matt Collins, head of UK Admissions at INTO, said.

“We are facing one of most intense summers yet, with unprecedented growth in applications”

However, a spokesperson would not comment on reports on Bloomberg and Reuters last week that INTO was selling a stake of just under 30% in its business to private investors.

The reports claimed that Credit Suisse Group was handling the sale and INTO had been valued at a total £200 million. A spokesperson for Credit Suisse said the bank could not comment on the claims.

INTO said its position had not changed since a March press release, in which it unveiled a £100m investment fund, to be used over the next three to five years, to “stimulate public private collaboration in addressing world higher education capacity challenges”. The fund will back more public private initiatives with universities that go beyond “pure pathway” provision.

“This year, INTO China will welcome another 120 students from diverse countries”

The company has been busy this year expanding its operations: in February it launched its third US university partnership with Colorado State University. It also added two new centres to the INTO China programme: the Nankai Univertsity in Tianjin and Beijing Foreign Studies University, which join Dongbei University of Finance and Economics.

Ivy Xu, assistant director (Partnerships and Operations) for INTO China, said INTO China would welcome 50% more students than this time last summer.

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