Essential reading for education companies worldwide
Remember me:
Skip Navigation LinksEI article
Exclusive: GEMS sells its northern schools portfolio

GEMS Education has sold five schools in Yorkshire and Lancashire to Alpha Schools.
EducationInvestor understands that the transaction was valued at £2.5 million. 
The buyer is a Buckinghamshire-based company, not affiliated to the similarly-named Alpha Plus Schools. The deal leaves GEMS with no schools in the north of England.

A GEMS spokesperson said: “After an extensive review of our operations in the UK, GEMS has sold five prep schools in the north.  Alpha Schools is an established provider of excellent preparatory schools with a strong track record of academic achievement and parental satisfaction."

In 2011, GEMS sold two of its UK schools, to Bellevue Education Group and Alpha Schools. But the international schools company has maintained that the sales do not represent the start of an exit from the UK market, and it retains six schools in the south. 

The spokesperson added: "We remain committed to the UK and are actively looking to open new schools in the near future.”
Outside the UK, GEMS is currently undergoing a major expansion programme. In April it borrowed AED 2 billion (£351 million) from a consortium of Arabic banks, to fund new schools across the Middle East and North Africa. 
GEMS also runs schools in countries including the UAE, US, India, Kenya and China. 

Posted on: 17/07/2013

Latest news

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.
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.
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.
Postsecondary education services provider Bridgepoint Education has announced net income of $4.6 million for 2018, down from $9.1 million reported for 2017.
American Public Education has announced net income of $25.6 million for 2018, up from $21.1 million reported in 2017.
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.
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.
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.
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, 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

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