Essential reading for education companies worldwide
 
 
Remember me:
Skip Navigation LinksEI article
Sovereign Capital acquires London private school group

Private equity house Sovereign Capital has acquired a majority stake in London-based school group Eaton House for an undisclosed sum.

A source said the business was valued at over £30 million - a rate of 12 to 13 times ebitda - and that Sovereign bought a 60% stake.

Eaton House was established in Belgravia in 1978 and encompasses six prep and pre- schools: Eaton House Belgravia, Eaton House The Vale School, Eaton House The Manor Preparatory, Eaton House The Manor Pre-Preparatory, Eaton House The Manor Girls’ School and Eaton House The Manor Nursery.

The family-owned business was sold because principal Hillary Harper is retiring. However, chief executive and family member Luchie Cawood will remain in place and retains a significant stake in the group.  

In a letter to parents, principal Hillary Harper said: “I would like to thank all of you for entrusting your children’s education to the Eaton House Group of Schools and we will always be grateful for your support."

She added: "[Our] superb team of heads, teachers and staff will continue to provide your children with the top quality education and family ethos you have come to expect from our schools. 

“Sovereign will provide the further investment required to continue the development of our high quality educational offering and facilities in London.”

Sovereign said it would not integrate Eaton House with its private sixth form college group Astrum Education.

A spokesperson said: “Sovereign is delighted to be backing the Eaton House Group of schools to support the continued development of their high quality educational offering. The group is one of London’s leading independent, family-owned group of schools.”

Sovereign has backed other schools groups in the past including Alpha Plus and World Class Learning.


Posted on: 27/06/2016




Latest news

22/03/2019
China Online Education Group has announced a loss of ¥416.7 million (£47 million) for 2018, revenue up 35%, and and the appointment of a new brand spokesperson.
22/03/2019
Rise Education Cayman has announced 2018 net income of ¥142.4 million (£16 million), compared to a net loss of ¥53.6 million reported for 2017.
22/03/2019
Schools supply company School Specialty has announced a net loss of $38.7 million for 2018, compared to net income of $6.8 million reported in 2017.
22/03/2019
Postsecondary education services provider Bridgepoint Education has announced net income of $4.6 million for 2018, down from $9.1 million reported for 2017.
20/03/2019
American Public Education has announced net income of $25.6 million for 2018, up from $21.1 million reported in 2017.
15/03/2019
Emerald Group, a learning and research resource provider, has snapped up UK-based skills training provider Mind Tools, which in February this publication exclusively reported was pursuing a sale.
15/03/2019
Apse Capital, a London-based private equity firm, has purchased digital learning and development group Kallidus from FPE Capital, crystallising a transaction broken by EducationInvestor Global last October.
15/03/2019
Bridgepoint, the private equity owner of English-language training firm Cambridge Education, has appointed Baird and Moelis as joint advisors to explore a carve-out of CATS Education, its university prep college.
12/03/2019
China Gingko Education Group Company has listed on the Main Board of the Stock Exchange of Hong Kong, raising gross proceeds of HK$180 million (£17.5 million).
12/03/2019
AllRight.io, an e-learning start-up with Ukrainian and Russian roots, has secured $1.5 million in a funding round led by Buran Venture Capital.



Global | Low-cost international schools

Recently published guidance from the European Parliament calling on member states to prevent aid funding from being spent on commercial educational initiatives could carry consequences for one low-cost private school chain in particular, writes Josh O'Neill
Read more...


my images


Global | Education services

Google's services for education, most of which are free of charge, have grown exponentially over recent years, yet headteachers ignore them at their peril, Liz Sproat, the group's regional education head, tells Josh O'Neill
Read more...