Essential reading for education companies worldwide
Remember me:
Skip Navigation LinksEI article
Exclusive: OUP buys e-learning business Epigeum for £10.7m

Oxford University Press has bought e-learning business Epigeum for around £10.7 million, EducationInvestor can reveal.

It follows a statement from Imperial Innovations to the London Stock Exchange this morning, revealing it had sold its 17.8% stake in the firm for £1.9 million.

Epigeum is a provider of online courses designed to support universities and colleges in core activities like teaching, research, studying and management. The company's courses are used by 230 universities in 27 countries. 

EducationInvestor revealed it was for sale in March and that the firm had forecast sales of £5.4 million in 2015 and adjusted ebitda of £1 million.

A source close to the matter said the business had fetched £10.67 million – just over 10 times its forecast ebitda.

Tim Barton, managing director (global academic) at Oxford University Press, confirmed the deal had taken place.

"This acquisition advances our mission and strategy by extending the high-quality online content and services we offer to universities and colleges," he said. 

“By developing its business globally as part of the world’s largest university press, Epigeum with OUP will be able to reach more learners in more places than either company did before.”

​Epigeum’s other two shareholders are David Babbington Smith and David Lefeuvre. Former head of RM Education Terry Sweeney joined as chief executive in January.

Posted on: 26/05/2015

Latest news

Higher education provider Adtalem Global Education has announced that its next group president, financial services will be Stephen Beard.
Higher education provider GBS has appointed Stanley Johnson as a member of its advisory board.
Gordonstoun, the famously austere Scottish public school much loved by Prince Philip and equally loathed by Charles, is to open a new school in China.
Brazilian medical education group Afya has announced that Luciano Toledo de Campos, its chief financial officer, is leaving for personal reasons. ​
CIBT Education Group, a Vancouver-based investor in student accommodation, has reported net income of $210,00 (£122,000) for the first quarter of its 2010 fiscal year.
Ellucian, which provides software services to higher education institutions, has appointed Stephen Laster as chief product officer.
Swiss language tutor Education First is talking exclusively to global private equity firm Permira about selling its China operations, in a deal valuing the business at $1.6 billion.
New Dehli-based Digital Vidya, a provider of training for digital marketing, has acquired Delhi School of Internet Marketing in an all-cash deal.
Weld North Education has appointed Gautam Parasnis as chief operating officer.
Instructure and private equity firm Thoma Bravo have entered into an amended merger agreement after Thoma Bravo increased its offer to $49.00, up from $47.60.

Europe | UK M&A

Dukes Education celebrates its fifth birthday this month. In the second part of an exclusive interview series, Aatif Hassan, founder and chairman of the private schools group, sits down with Josh O'Neill to talk humble leadership, growing pains and his obsession with corporate culture

my images

Global | international school

Green School, in the Balinese jungle, has created a unique brand through its unorthodox approach to education that attracts affluent clientele from all over the world. With plans to enter New Zealand, South Africa and Mexico, Simone Rensch considers the sustainability of the school's strategy