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Essential reading for education companies worldwide
Essential reading for education companies worldwide
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Category: Higher Education

News

Charter flights start bringing Chinese students to UK

Close to 300 Chinese students bound for various UK universities arrived on a specially chartered ...
News

US: MassMutual gifts $1m to Boston University

Massachusetts Mutual Life Insurance Company has gifted $1 million to the Boston University faculty of ...
News

US: Adtalem announces dip in annual profit

Global education provider Adtalem Global Education has reported net income of $76.9 million for it ...
News

US: Cengage reduces quarterly loss

Ed tech company Cengage has announced a net loss of $23 million for the first ...
News

US: Blackstone strikes $784m student housing JV

Student housing developer and owner-operator Landmark Properties and Blackstone Real Estate Income Trust have formed ...
News

Egypt: Consortium announces £116m university development

Cairo Egypt for Education, a consortium between CIRA and Elsewedy Capital Holding, has secured a ...
News

Boustead exits University of Nottingham in Malaysia

Boustead Holdings is exiting its stake in the University of Nottingham in Malaysia (UNM).
News

India: Eruditus raises $650m

Mumbai-based education company Eruditus has raised $650 million in a financing round led by Accel ...
News

US: Perdoceo reports second quarter results

For-profit post-secondary online education provider Perdoceo has reported second-quarter 2021 net income of $26.6 million.
2 months
News

Brazil: Afya acquires Unigranrio medical school

Medical education group Afya has acquired Companhia Nilza Cordeiro Herdy de Eduação e Cultura (Unigranrio), ...
News

US: Marymount California University to merge into Saint Leo University

Private liberal arts institution Marymount California University is being integrated into Saint Leo University.
2 months
News

US: Strategic Education’s income dips against revenue increase

Working adult education company Strategic Education Inc (SEI), which owns for-profit online Strayer University and ...
2 months
News

Myanmar Strategic Holdings’ loss widens on increased revenue

Myanmar Strategic Holdings, which operates Wall Street English language schools in Myanmar and Vietnam, Yangon ...
2 months
News

Singapore: Byju’s buys Great Learning for $600m to enter higher education

Indian education giant Byju’s is acquiring Singapore-based professional training and higher education platform Great Learning ...
2 months
News

US: Listed MOOC giant snaps up edX in $800m deal

US-listed 2U, the massive open online course (MOOC) provider, has acquired web-based course provider edX, ...
News

Exclusive: Tour de France owner crosses finish line in higher education sale

The family behind the Tour de France has taken a minority stake in a group ...
3 months
News

US: Modern Campus gets new shareholder following software takeover

US private equity firm Serent Capital is purchasing a minority stake in a business formed ...
News

UK: LDC invests £13m in higher ed software provider

LDC, the private equity arm of Lloyds Banking Group, has invested £13 million in Hybrid, ...
News

UK: Kortext books £15m in Series B

Kortext, the e-textbook provider used by over 100 UK universities, has secured £15 million of ...
News

US: Blackstone and Vista buy higher ed software provider from TPG

Private equity giants Blackstone and Vista Equity Partners have agreed a deal to acquire higher ...
News

Debt of top-20 UK unis jumps 50% in five years – analysis

The debt burden of the UK’s 20 largest universities has increased 50% over the past ...
3 months
News

Exclusive: Ed tech start-up plotting £20m capital raise

An ed tech start-up that works with 40% of UK universities is seeking to raise ...
News

Exclusive: Market-leading e-textbook platform preparing for Series B raise

A fast-growing digital textbooks platform has laid the foundations for a Series B capital raise ...
News

US: Nexford University raises $10.8m in pre-Series A funding

Washington DC-based online university Nexford University has completed a $10.8 million pre-Series A funding round ...
3 months
News

Brazil: Bertelsmann buys €500m stake in Afya

German media conglomerate Bertelsmann is expanding its footprint in Brazil’s education market, buying a major ...
3 months
News

Laureate closes sale of its Brazilian operations

Private university operator Laureate Education has closed the sale of its higher education institutions in ...
4 months
News

Brazil: Afya acquires medical education institution in £50m deal

Medical education group Afya, through its subsidiary Afya Participações, has acquired Sociedade Padrão de Educação ...
4 months
News

Australia: Keypath Education slips in stock market debut

Keypath Education International, the online higher education provider, slipped as much as 8.4% in its ...
News

Views from the Top: Amanat outlines investment strategy following Taaleem exit

Amanat Holdings aims to build a pan-MENA higher education platform and is actively seeking new ...
4 months
News

Qatar: Three private universities to open

Qatar’s Ministry of Education and Higher Education is to open three new private universities in ...
4 months
News

France: IDI and RAISE Impact acquire Talis Education

French buyout firm IDI, along with RAISE Impact, has acquired Talis Education, a France-based operator ...
4 months
News

US: Perdoceo reports steady first quarter results

For-profit post-secondary education provider Perdoceo has reported first-quarter 2021 net income of $30.8 million.
5 months
News

US: Steady quarterly growth for Grand Canyon Education

Education services company Grand Canyon Education has reported net income of $78.1 million for the ...
News

US: Michigan couple give $52m for college students

A Michigan couple, Bob and Ellen Thompson, have given $52 million to the Thompson Working ...
5 months
News

Australia: Keypath Education considering flotation – report

Ed tech business Keypath Education is considering an initial public offering in Australia.
News

India: upGrad raises $120m from Singapore’s Temasek

Mumbai-based online higher education company upGrad has raised $120 million from Temasek, a global investment ...
News

South Africa: Sommet Education bulks up ahead of auction with acquisition

Sommet Education has acquired a majority stake in Invictus Education Group, a network of culinary ...
5 months
News

Exclusive: Buyout group exploring €350m sale of educational conglomerate

The private equity owner of a little-known educational conglomerate has hired investment bankers to launch ...
News

UK: London-listed Tribal buys higher ed software provider

Tribal Group, the London-listed software provider, has acquired Semestry Limited, a cloud-based timetabling software provider ...
News

Exclusive: French buyout groups in bidding war for Talis Education

Several private equity houses are vying for control of Talis Education, a group of for-profit ...
5 months
News

Exclusive: Hospitality education group preparing for €350m-plus sale

A publicly listed investment firm has instructed bankers to explore a sale of a European ...
5 months
News

Ireland: Cambridge Education Group bolsters online division with acquisition

Private equity-backed Cambridge Education Group has acquired iheed, an online medical education provider, bolstering its ...
6 months
News

UK: Aventicum Real Estate buys £133m portfolio from Unite

A fund managed by Aventicum Real Estate, a real estate investment management platform, affiliated with ...
6 months
News

UK: Private equity piles into student accommodation

Private equity houses are investing more money in British student accommodation, eyeing robust rental returns ...
6 months
News

UK: Graphite Capital backs global OPM provider

Graphite Capital, the UK mid-market private equity house, has acquired a significant minority stake in ...
6 months
News

UK: BPP University confirms takeover by TDR Capital

BPP University has been sold to private equity house TDR Capital, confirming EducationInvestor Global’s exclusive ...
6 months
News

Exclusive: Student recruitment firm raising capital to finance rapid growth

A fast-growing international student recruitment firm is seeking to raise debt and potentially equity capital ...
6 months
News

UK: Oxford International split in sale to Nord Anglia and THI Investments

Bowmark Capital has exited Oxford International Education Group, carving out its private schools division in ...
6 months
News

Higher education ‘strongest’ segment in China’s for-profit market

Higher education providers have the “strongest growth prospects” among China-based for-profit education companies, according to ...
6 months
News

Exclusive: BPP University on cusp of private equity takeover

A British buyout group is on the cusp of closing a deal to acquire BPP ...
7 months
News

US: Uplift in Strategic Education’s annual income

Strategic Education Inc, which owns for-profit online Strayer University and Capella University, has reported net ...
7 months
News

US: Perdoceo reports strong 2020 profit growth

Post-secondary education provider Perdoceo has reported 2020 net income of $124.3 million, up from net ...
7 months
News

US: Zovio announces annual loss

Zovio has reported a 2020 net loss of $49 million, compared to a net loss ...
7 months
News

US: Grand Canyon Education annual income remains level

Education services company Grand Canyon Education has reported net income of $257.1 million for 2020, ...
7 months
News

Canada: Top Hat raises $130m and appoints new chief executive

Top Hat, a learning courseware platform for higher education, has raised US$130 million in a ...
7 months
News

Australia: Studiosity announces investment from CVC and FutureLearn’s backer

Studiosity has added two new investor groups onto its share register as minority investors: Online ...
News

US: Cadence gifts $5m to MIT computing college

Cadence Design Systems has established the Cadence Design Systems Professorship Fund for the Massachusetts Institute ...
8 months
News

US: Post University to acquire American Sentinel University

Post University a private, for-profit university in Waterbury, Connecticut had agreed to acquire American Sentinel ...
8 months
News

Exclusive: Actis weighing London IPO of Honoris United Universities

Private equity house Actis is weighing a London flotation of Honoris United Universities, the pan-African ...
8 months
News

Exclusive: BPP University nears £255m refi amid potential off-market sale

The parents of BPP University are refinancing its property portfolio under a sale-and-leaseback deal worth ...
8 months
News

US: Investors attack Adtalem Global Education

Special situations fund Engine Capital and investment firm Hawk Ridge Capital Management have issued an ...
8 months
News

Japan commits $96bn to improve universities’ rankings

The Japanese government is starting a $96 billion fund by March 2022 to support research ...
8 months
News

Hungary: World-class Chinese university to open Budapest campus

Shanghai-based Fudan University, a major public research university, is to open a campus in Budapest,
8 months
News

US: Global Student Accommodation Group acquires 8,000 student housing beds

Global Student Accommodation Group has acquired 27 US properties from UCAL, the joint venture with ...
8 months
News

Exclusive: Private equity-backed university group picks Rothschild to run auction

The owners of a cluster of for-profit universities in France have mandated bankers to offload ...
8 months
News

Exclusive: GUS to sell minority stake worth hundreds of millions

The owner of Global University Systems (GUS) has instructed a pair of investment banks to ...
8 months
News

UK: Far East Orchard acquires third Bristol student property for £40m

Singapore-based Far East Orchard has acquired a purpose‐built student accommodation (PBSA) property in Bristol for ...
10 months
News

US: Private universities merge in Connecticut

Goodwin University, a private university in East Hartford, Connecticut is acquiring the University of Bridgeport, ...
10 months
News

Honoris United Universities acquires Tunisian education group

Honoris United Universities, the pan-African network of private higher education institutions, has acquired Esprit Group ...
10 months
News

US: American Public Education announces strengthening profit

American Public Education has reported third-quarter 2020 net income of $2.6 million, compared to a ...
10 months
News

China: Codemao raises nearly £150m in Series D

Shenzhen-based computer coding tutoring platform Codemao has raised ¥1.3 billion (£148 million) in a series ...
10 months
k12
News

US: University of Arizona acquires online institution from Zovio

Independent non-profit Arizona corporation, The University of Arizona Global Campus, is acquiring online institution Ashford ...
10 months
News

US: Cengage pivots to profit as revenue declines

Ed tech company Cengage has announced net income of $21.6 million for the second quarter ...
10 months
News

US: John F Scarpa Foundation gifts $15m to Villanova University’s law school

The John F. Scarpa Foundation has made a gift of $15 to the Charles Widger ...
10 months
News

US: Perdoceo reports increased quarterly profit on higher enrolment

For-profit post-secondary higher education provider Perdoceo, formerly known as Career Education Corporation, has reported third-quarter ...
10 months
News

US: Adtalem announces enrolment growth and first-quarter profit

Global education provider Adtalem Global Education has reported net income of $19.9 million for the ...
10 months
News

US: Grand Canyon Education third-quarter income dips

Education services company Grand Canyon Education has reported net income of $52 million for the ...
10 months
News

Australia: Wee Hur acquires Sydney site for student accommodation

Singapore developer Wee Hur is purchasing a $46.1 million site in Redfern, Sydney to develop ...
10 months
News

US: Strategic Education reports Q3 profit and closure of Laureate Australasian acquisition

Working adult education company Strategic Education Inc, which owns for-profit online Strayer University and Capella ...
11 months
News

UK: Huddersfield student housing units expected to fetch £20m

A property magnate in Huddersfield, England, has put two student accommodation complexes up for sale ...
11 months
News

US: Udacity secures $75m of debt after becoming ‘cash flow positive’

Udacity, the US-based online course provider, has taken on $75 million of debt from Hercules ...
News

Italy: M&G to finance €62m student housing development

M&G Real Estate is bankrolling a €62.1 million student accommodation development in Bologna, Italy, from ...
11 months
News

British unis face ‘significant’ financial risk as pension deficit widens, says IFS

British universities reeling from operational restrictions imposed by the coronavirus pandemic face “significant” financial risks ...
11 months
News

US: American Public Education agrees $330m college takeover

American Public Education (APEI), parent of online learning provider American Public University System (APUS) and ...
11 months
News

UK: Cambridge University Press to merge with Cambridge Assessment

Printing and publishing house Cambridge University Press is merging with Cambridge Assessment, which creates and ...
News

UAE: Amanat abandons sale of Middlesex University Dubai

Dubai-based education- and healthcare-focused investment firm Amanat Holdings has terminated the sale and purchase agreement ...
11 months
News

US: REIT reports loss as demand for student housing dives

American Campus Communities, a publicly-traded real estate investment trust that invests in dormitory housing, has ...
11 months
News

UK: UCAS acquires app to attract international postgraduate students

The UK’s university admissions service UCAS has acquired MO University Assistant, a multi-language mobile app ...
News

US: Vista Equity Partners founder donates $50m to help black students

Robert F Smith, philanthropist and founder, chairman and chief executive of Vista Equity Partners, is ...
11 months
News

US: Student housing operator acquires complex alongside private equity fund

Student housing owner-operator The Preiss Company (TPCO) and Crow Holdings Capital, a private equity fund, ...
11 months
News

US: Jacksonville Uni picks Balfour Beatty to build new basketball centre

Jacksonville University (JU) in Florida has appointed Balfour Beatty to construct its new Basketball Performance ...
11 months
News

US: Boston private equity firm buys higher education marketing consultant

Boston-based private equity firm New Heritage has invested in Carnegie Dartlet, which provides strategic marketing ...
11 months
News

Trump administration takes aim at China-run language-training centres

The Trump administration has prompted US universities to reconsider partnerships with cultural and language-tuition institutes ...
11 months
News

Laureate announces another divestment and debt buyback, lifting share price

Private university operator Laureate Education has announced a deal to “transfer control” of its operations ...
11 months
News

Back to the future: Rajay Naik returns to online education with next-gen OPM

A company founded by a former Study Group executive has won a contract from London ...
11 months
News

Exclusive: Coursera preparing for $3bn US listing within 12 months

Coursera aims to list its shares publicly within 12 months at a valuation of $3 ...
11 months
News

US: Liaison International acquires higher education CRM firm

Higher education admissions and enrolment company Liaison International has acquired customer relationship management company TargetX. ...
News

UK: Dyson Institute granted degree-awarding powers

British entrepreneur Sir James Dyson’s Institute of Engineering and Technology has been given the power ...
12 months
News

Private equity-owned Honoris acquires South African university

Honoris United Universities, a private equity-owned pan-African network of private higher education institutions, has acquired ...
12 months
News

THE forges deal with Canadian ed tech unicorn ApplyBoard

Times Higher Education (THE), a data provider to universities, has forged a partnership with ApplyBoard, ...
12 months

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