Essential reading for education companies worldwide
 
 
Remember me:
Skip Navigation LinksEI article
Pearson continues acquisition drive

 Pearson has acquired the Wall Street Institute language school, in a $92 million (£58 million) cash deal.

The education and media giant bought the Institute from an affiliate of the Carlisle Group and Citi Private Equity. It’s the latest in a string of acquisitions for Pearson, which has recently acquired training company Melorio and the learning systems division of Brazil’s Sistema Educacional Brasileiro.
 
Last year the Wall Street Institute earned revenues of $60 million. Pearson expects the company to be earnings neutral in 2011 as it invests to expand the business in high growth markets.
 
The acquisition will reunite Wall Street Institute with Wall Street English, a provider of English training in china, which was Pearson acquired in 2009. 
 
John Fallon, chief executive of Pearson's International Education business, said: "The growth of English is a powerful global trend. English language skills unlock opportunities for students of any age to progress in their education, their careers and their lives.
 
"This is an exciting and important move for Pearson that will accelerate our goal of being the world’s pre-eminent provider of English language learning content, technology and services.”
 
The Wall Street Institute has 340 franchised learning centres in territories across Europe, Asia, the Middle East and Latin America.


Posted on: 29/07/2010




Latest news

24/01/2020
Philanthropist and former financier George Soros is donating $1 billion to fund a new global network of universities designed to promote liberal values and his vision of an open society.
23/01/2020
Global education giant Pearson has acquired digital learning technology from Smart Sparrow, an ed tech innovator based in Sydney, Australia.
23/01/2020
Teacher recruitment agency The Classroom Partnership has acquired Concord Education, which provides permanent and long-term recruitment for UK schools and academies.
23/01/2020
The sale of Manor Adventure, a UK-based educational activities provider with additional operations in France, has progressed into the second round of bidding, EducationInvestor Global can exclusively reveal.
22/01/2020
Student loans servicing and collecting company Navient has announced GAAP net income of $597 million for 2019, compared to $395 million reported for 2018.
21/01/2020
TAL Education Group, the Beijing-based after-school tuition provider, today reported net income of $25 million for the third quarter of its 2020 fiscal year.
21/01/2020
New Oriental Education & Technology Group, a large private educational services provider in China, has announced net income of $49.6 million for the second quarter of its 2020 fiscal year.
17/01/2020
Kayleen and Larry Ferguson are giving $50 million from the Ferguson Family Foundation to transform the College of Agricultural Sciences and Natural Resources.
17/01/2020
Riverston Group, a privately owned niche school operator has announced 2018-2019 EBITDA in excess of £1.15 million.
17/01/2020
New York City-headquartered education technology holding company Aspen Group today announced the pricing of its underwritten public offering.



Europe | UK M&A

Several sizeable private equity-backed UK training providers are set to hit the market in the coming months. Josh O'Neill considers the driving forces behind consolidation in this sector, and why these businesses are likely to fall back into the hands of buyout funds
Read more...


my images


Europe | Movers & Shakers

Jamie Beaton, the 24-year-old co-founder and chief executive of Crimson Education, gives Simone Rensch a look inside the $245 million business he built while simultaneously getting degrees from Harvard, Stanford and Oxford
Read more...