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Nord Anglia IPO raises $304 million

Further signs of the profitability of the international school sector were seen at the end of last month when provider Nord Anglia raised US$304 million in its initial public offering (IPO) on the New York Stock Exchange. This September the group is set to open two more schools in Hong Kong and Dubai.

WCL Group sold to Nord Anglia Education

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.

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