GUS said the deal would pave the way for a strategic review of all its UK regulated businesses so that it could consider the “optimal structure” for a combined ULaw and GUS UK group.
Chairman of GUS, Aaron Etingen, hinted that “the options review exercise will deliver us a blueprint for one of the most comprehensive private universities in Europe”.
He added, “The acquisition of the University of Law adds an asset of unique strategic value to GUS.”
Until then, ULaw will continue to operate as a “distinct academic institution” with CEO and President John Latham remaining in place and Rt Hon David Blunkett moving in as incoming Chairman.
Rt Hon David Blunkett is moving in as incoming Chairman
Blunkett has previously been affiliated with GUS, having appeared in a sponsored video for LSBF with Tony Blair in 2012 and been cited at that time as a visiting lecturer.
He commented, “This combination of the global reach and resources of GUS with the record and strengths of ULaw will enable us to accelerate delivery of the university’s existing and ambitious plans for international growth, diversification, and further enhancement of the student experience.”
GUS acquired ULaw from Montagu Private Equity.
A legal education specialist, ULaw is one of a handful of private degree-granting universities in the UK, alongside University of Buckingham, BPP University and Regent’s University London.
Late last year, GUS also acquired private university University Canada West in Canada.