Bright Scholar Education Holdings, the international and bilingual K12 school operator in China, has agreed to acquire CATS Colleges Holdings for £150 million – its third major acquisition this year.
CATS Colleges Holdings is an international school network, headquartered in Cambridge and located across the UK, the US, Canada and China. It comprises seven campuses in Cambridge, London, Canterbury, Shanghai and Boston, an arts school in Cambridge, as well as 10 international languages schools in the UK, the US and Canada. It has a diverse mix of more than 2,000 students from around 80 nationalities. In the fiscal year ending 31August 2018, its net revenue was approximately £89 million.
Bright Scholar’s executive vice-chairman Jerry He said: “The acquisition of CATS expands Bright Scholar’s significant presence outside of China as we continue to build a global network of premium schools. Founded in 1952, CATS has grown into one of the most innovative and successful independent education providers in the UK and the US. We share the same beliefs in combining traditional values and forward-thinking ideas to help our students realise their potential. The addition of CATS’ international network of schools will help Bright Scholar share best practices and innovations to raise the standards of teaching and improve the learning experience of our students. The acquisition will also set the stage for the accelerating expansion of our overseas school portfolio, distinguishing us as a global premium education service provider.”
Bright Scholar Education Holdings is headquartered in Foshan.
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Date published: 9 July 2019