Place Group

 
 
Remember me:
Skip Navigation LinksEI article
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




Latest news

27/02/2015
Cairneagle Associates has hired Arun Kanwar as a principal in its education practice.
27/02/2015
The Department for Business, Innovation and Skills (BIS) has announced it is to reduce funding for the Skills Funding Agency (SFA) by 11%.
27/02/2015
Pearson has appointed Coram Williams as its new chief financial officer (CFO), as well as making two promotions in its audit and remuneration committees.
27/02/2015
Ed Miliband will today reveal how Labour would fund a tuition fee cut of £3,000 next parliament.
27/02/2015
Pearson has confirmed its sales and profits stabilised in 2014 after a painful two-year restructuring programme.
26/02/2015
Capita, a London-based business process outsourcing company, posted pre-tax profits of £292.4 million for the year ended 31 December 2014, up from £215 million in the same period last year.
26/02/2015
A report from the Public Accounts Committee (PAC) has concluded that the Department for Business, Innovation and Skills (BIS) mismanaged the rapid expansion of alternative providers (APs) in higher education.
26/02/2015
Hobsons, the student recruitment specialist, has acquired Starfish Retention Solutions, a US based firm offering advice and admissions tools for higher education.
26/02/2015
St Patrick’s College, the UK’s largest private college, is being investigated by two government departments and by the UK’s quality watchdog, the Times Higher Education has reported.
25/02/2015
Albion Ventures, one of the largest venture capital investors in the UK, is to invest up to £9.5 million in Radnor House School to fund its expansion.


DAC Beachcroft

Features and analysis

Last month the BETT trade show hit London, shining a spotlight on the latest ed tech innovations. Hot off the heels of the event, e-learning expert Stephen Haggard shares his top tips for learning technologies in 2015 and beyond.

Fresh from an appearance at BETT, Kevin Brennan MP, shadow minister for schools, explains how Labour would accelerate the UK’s educational technology agenda.

Revision app Gojimo made a big impression on the US market last year. Julian Hall talks Stanford, Silicon Valley and Series A with founder and chief executive George Burgess.

A record amount of cash was poured into ed tech firms last year globally, but solid business models remain elusive, finds Daniel Thomas.

To secure their financial futures academies must join groups, argues Mike Giddings of accountants Clement Keys.

For-profit colleges face mounting scrutiny of their VAT positions, when in fact many are by law entitled to exemptions. EY’s Damian Shirley and Jennie Lowe explain how providers can get their affairs in order.

Brazil has one of the biggest for-profit university sectors in the world. But a shock reform to the student loans system has the sector reeling, finds Daniel Thomas

Mark Jeynes, former partner at OC&C Strategy Consultants, now runs a business in the emerging junior pathways sector. He explains why the market presents significant opportunities for investors