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Exclusive: BPP planning to sell sixth-form business

Private higher education firm BPP is to sell its private sixth-form college business, EducationInvestor understands.
 
Sources in the deal-making community have said that the group is seeking to sell Mander Portman Woodward (MPW), because it is not seen as core to its business.
 
The sales process is understood to be in the early stages, and BPP has yet to either find a buyer or to establish a price. 
 
BPP said it was unable to comment on market speculation.
 
MPW runs three private sixth-form colleges in London, Birmingham and Cambridge. BPP Holdings has owned the group since 1987.
 
In its last results, covering the 14 months to 31 August 2011, MPW posted net profit of £3.0 million on turnover of £14 million. That's up from £2.3 million and £12.6 million respectively the previous year.
 
In 2011, the firm also had net assets of £3.4 million.

 


Posted on: 13/02/2012




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