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Essential reading for education companies worldwide
Essential reading for education companies worldwide
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Category: K12

News

UK: Competition watchdog could block YPO’s £50m takeover of Findel

The Competition and Markets Authority (CMA) has provisionally found that Yorkshire Purchasing Organisation’s anticipated purchase ...
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Finnish media giant buys Spanish K12 content provider for €465m

Helsinki-based media company Sanoma is acquiring Santillana Spain, a provider of K12 learning materials, from ...
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China: Hailang Education Group shrugs off pandemic, boosting profits

Hailiang Education Group, an education and management service provider to primary, middle, and high schools ...
4 days
k12
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Exclusive: Etonian entrepreneur seeking £1.2m to launch affordable private school chain

An entrepreneur whose family owns an award-winning £29,000-a-year preparatory school is on the hunt for ...
5 days
k12
News

Amity Group targets Middle East expansion under $35m investment

Education provider Amity Group is planning to open new schools in Ras Al Khaimah in ...
7 days
k12
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Income dips at China’s New Oriental as pandemic delays enrolments

New Oriental Education & Technology Group, a New York-listed Chinese tutoring firm, recorded net income ...
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US: Virtual high school secures $2.7m in seed funding

Sora, a virtual high school, has closed a $2.7 million seed funding round led by ...
2 weeks
k12
News

Exclusive: Private equity-backed trade buyer closes in on iSAMS

A private equity-owned school software supplier is close to signing a deal to acquire iSAMS, ...
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Spain: International language school group goes bust

International House Eastern Spain Group of language schools will close after the Covid-19 pandemic hammered ...
2 weeks
k12
News

China: Ed tech firm Zhangmen raises $400m

Shanghai-based education company Zhangmen has raised $400 million in a funding round from investors including ...
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South Africa: Ed tech start-up receives $7m investment

Global venture capital fund GSV Ventures has invested $7 million in South Africa ed tech ...
2 weeks
k12
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Exclusive: Private equity bidders pour cold water on price expectations for Capita ESS

Price expectations for a sale of Capita’s Education Software Solutions (ESS) unit have softened significantly ...
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US: Outschool raises $45m Series B funding

Outschool a San Francisco-based marketplace of live online classes has blogged that it has raised ...
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Australia: Online tutoring provider eyes IPO amid surging demand for distance learning

Australian online tutoring provider Cluey Learning is weighing an initial public offering on its domestic ...
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US: Basis Independent Schools expands to four New York City campuses

Private schools network Basis Independent Schools is expanding to four campuses in New York City, ...
3 weeks
k12
News

Singapore: Keppel Capital acquires majority stake in Malvern College Chengdu

Singapore-based Keppel Capital Holdings, through its wholly-owned subsidiary, Keppel Capital Alternative Asset has announced it ...
3 weeks
k12
News

Inspired Education to launch online school as route to new markets

Inspired Education, the premium private school operator, is launching an online school, as it moves ...
3 weeks
k12
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Exclusive: ISP owner mulls multibillion-euro exit of global school group

Partners Group, owner of International Schools Partnership (ISP), is weighing a partial or full exit ...
4 weeks
k12
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Exclusive: CBPE Capital enters exclusivity for stake in newly merged school MIS provider

CBPE Capital has commenced exclusive talks to acquire a minority stake in a company formed ...
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China: Hailiang Education bolsters K12 portfolio with purchase of language school

Hailiang Education Group, a China-based education and management services provider, has acquired Jinhua Hailiang Foreign ...
4 weeks
k12
News

India: Byju’s buys virtual simulation platform as it continues buying spree

Indian ed tech giant Byju’s has acquired LabInApp, a virtual simulation platform used by more ...
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Overseas agents report 20% decline in international enrolments at British boarding schools

Educational agents report a 20% decline in new enrolments of foreign pupils at British boarding ...
1 month
k12
News

Canada: Edsby K12 digital learning platform completes $5.3m Series A

Edsby, a digital learning and data platform for K12 education, has completed a C$5.3 million ...
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China: Scotland’s Fettes College opens boarding school in collaboration with Bright Scholar

Fettes College, a reputed Scottish private school, has launched an offshoot in China under a ...
1 month
k12
News

US: Private equity-backed Carnegie Learning bolsters offering with $15m acquisition

Pittsburgh-based Carnegie Learning, which provides educational materials for maths and computer science, has bought Scientific ...
1 month
k12
News

Qatar: ACS International Schools open new ‘Covid-secure’ campus

ACS International Schools has opened its new “Covid-secure” campus in Doha to accommodate 2,500 students ...
1 month
k12
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China Online Education reports profit

China Online Education Group, the online and mobile education platforms that enable students to access ...
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UK: Key Capital Partners pumps £4.2m into educational virtual-reality company

Key Capital Partners has backed Avantis Systems, an educational virtual-reality start-up, with a £4.25 million ...
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India: Byju’s secures an additional $500m at $10.8bn valuation

Indian ed tech 'decacorn' Byju’s has raised $500 million in an ongoing Series F from ...
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UK: Private equity-backed Juniper Education continues roll-up, acquiring FS4S

Private equity-backed school software and services provider Juniper Education has acquired FS4S, which provides schools, ...
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Ireland: Private equity-owned LRN Corporation snaps up compliance and online learning firm

Ethics and compliance education and technology company LRN Corporation, backed by US buyout house Leeds ...
1 month
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US: Owl Ventures raises $585m war chest to bankroll global ed tech expansion

Owl Ventures, the venture capital firm that has backed ed tech unicorns Byju’s and Quizlet, ...
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Germany: Buyout house Levine Leichtman bolsters European portfolio with takeover of online-learning platform

Squla, a portfolio company of private equity firm Levine Leichtman Capital Partners (LLCP), has acquired ...
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Exclusive: iSAMS shareholders explore sale options as Capita SIMS auction triggers wave of consolidation in MIS market

The directors of iSAMS, a management information system (MIS) provider used by a third of ...
2 months
k12
News

Australia: IXL Learning to acquire 3P Learning

IXL Learning, a K12 personalised learning platform, has agreed to acquire 3P Learning, an online ...
2 months
k12
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China: Listed school operators tumble as Beijing tightens grip on extra-curricular services fees

Shares in New York- and Hong Kong-listed Chinese school operators slipped after five mainland government ...
2 months
k12
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Exclusive: Private equity giants mount first-round bids for Capita ESS

Two private equity behemoths are expected to today table preliminary offers for London-listed Capita’s Education ...
2 months
k12
News

US: Juni Learning raises $10.5m in Series A

Juni Learning, a digital education platform offering live online instructors, has announced it closed $10.5 ...
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China: Private equity pioneer KKR leads $150m funding round in online-learning platform

Chinese online K12 mathematics and science platform Huohua Siwei has secured $150 million in a ...
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India: LEAD School receives $28m in funding round

Mumbai-based ed tech start-up LEAD School has secured $28 million in a Series C funding ...
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Qatar: Barwa Bank exits school property investment

Qatar-based Barwa Bank has exited its investment in two schools in Al Wakra, which were ...
2 months
k12
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US: Nautic Partners forms education-focused facility services company

Middle-market private equity firm Nautic Partners has formed HES Facilities in partnership with management to ...
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China: Four Seasons Education announces first-quarter loss

Four Seasons Education (Cayman), the Shanghai-based after-school maths education provider for elementary school students has ...
2 months
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Brazil: Billionaire-backed K12 group explores IPO to fund expansion

Eleva Educação SA, a Brazilian school group, is in talks with investment banks in the ...
2 months
k12
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China: OneSmart declares third-quarter loss

Shanghai-based after-school K12 education services provider OneSmart International Education Group has reported a net loss ...
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Denmark: Virtual science simulation provider raises $9m

Labster, a provider of virtual lab simulations, has raised $9 million in a funding round ...
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China: Tarena International reports first-half loss

Beijing-based professional education services company Tarena International has reported a net loss of ¥612.6 million ...
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US: Losses up and revenue down at Scientific Learning Corporation

Scientific Learning Corporation a software-as-a-service provider that delivers neuroscience-based educational technologies, has announced a second-quarter ...
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Hong Kong fund raises $900m as it targets Asian school investments

Gaw Capital Partners, a Hong Kong-based private equity firm, has raised $900 million, half of ...
2 months
k12
News

China: Youdao reports increased losses

Online ed tech learning company Youdao has reported a second-quarter 2020 net loss of ¥257.8 ...
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US: Profits slide at school bus manufacturer

Blue Bird Corporation, the independent designer and manufacturer of school buses, announced net income of ...
2 months
k12
News

US: K12 Inc reports annual profit

K12 Inc, an education company that sells online schooling and curricula for pre-K through to ...
2 months
k12
News

New Oriental eyes dual listing in Hong Kong as US clamps down on Chinese accounting practices

New Oriental Education & Technology group is reportedly eyeing a second listing in Hong Kong ...
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US: Losses for Rosetta Stone

Rosetta Stone, the education technology software company, has announced a second-quarter 2020 net loss of ...
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GEMS secures $150m of new debt eight months after tapping bond market for nearly $1 billion

GEMS Education has raised $150 million in debt funding less than a year after it ...
3 months
k12
News

US: Coronavirus-induced school closures force carpool app to wind down

GoKid, an app enabling families in the same area to arrange carpools, is shutting down ...
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US: Surge closes investment in All About Learning Press

Dallas-based private equity firm Surge Private Equity has closed an investment into All About Learning ...
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India: World’s first ed tech ‘decacorn’ Byju’s to receive $400m injection from billionaire

Investment firm DST Global, headed by billionaire Yuri Milner, is expected to give Indian online ...
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China: TAL Education reports first-quarter profit

TAL Education Group, the Beijing-based after-school tuition provider, has reported net income of $81.65 million ...
3 months
k12
News

British boarding schools secure chartered flights to bring back Chinese students

British boarding schools are chartering flights from China in August to ensure international pupils can ...
3 months
k12
News

Exclusive: Chinese property investor takes control of Gabbitas Education, tutor to Britain’s royal family

Gabbitas, the 147-year-old London-based educational consultancy that has famously tutored members of Britain’s royal family, ...
3 months
k12
News

China: New Oriental reports strong 2020 profit

New Oriental Education & Technology Group, a large private educational services provider in China, has ...
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Permira acquires Chinese division of EF Education First

Global investment firm Permira and EF Education First today announced that a company backed by ...
3 months
k12
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Exclusive: Private equity houses vie for stake in enlarged competitor to Capita SIMS spawned by merger of rival providers

A trio of private equity firms are competing for a minority stake in an entity ...
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US: Weld North Education acquires social emotional learning curriculum company

Weld North Education (WNE), a K12 digital curriculum company has acquired Purpose Prep, a technology-based ...
3 months
k12
News

UK: Parents, past pupils rally around collapsed private school, raising nearly £400,000

A British private school has raised nearly £400,000 as parents and donors rallied around it ...
3 months
k12
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Brazil: Vasta Platform to raise $306m in US flotation

Vasta Platform intends to raise $306 million from the sale of its Class A common ...
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Exclusive: British independent school hires advisors to run auction

The owners of Park School in Bournemouth, England, have hired an accountancy firm to explore ...
3 months
k12
News

Exclusive: London-listed private equity group ‘frontrunner’ to acquire BIMM

London-listed private equity firm Intermediate Capital Group (ICG) is the frontrunner in a race to ...
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China: Bright Scholar quarterly profit drops

International and bilingual K12 school operator Bright Scholar Education Holdings has announced net income of ...
3 months
k12
News

US: Scholastic Corporation reports 2020 loss

Global children’s publishing, education and media company Scholastic Corporation has reported a net loss of ...
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Brazilian education solutions provider eyes US listing

Brazilian for-profit education firm Cogna Educacao SA has set an estimated price range for the ...
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US: Frontline Education appoints chief legal officer

Frontline Education, a provider of K12 school administration software, has appointed Victoria Silbey as chief ...
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US: Barnes & Noble Education appoints Robinson to board

Barnes & Noble Education, the provider of educational products and services for higher education and K12, ...
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UK: Discovery Education acquires Spiral

Discovery Education, a provider of digital curriculum content and professional learning for primary and secondary ...
3 months
k12
News

First Chinese private school to open in Dubai

The Chinese School Dubai, mainly focused on catering to the Chinese community in the emirate, ...
3 months
k12
News

US: Stride Funding secures additional capital

San Francisco-based education funding start-up, Stride Funding has raised additional venture funding and has secured ...
3 months
News

US: Oklahoma governor causes stir with grant to private schools

Oklahoma governor Kevin Stitt has drawn criticism by dedicating to private schools $10 million of ...
3 months
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India: Vedantu raises100m in Series D funding

Vedantu, a live online tutoring company based in Bengaluru, has raised $100 million as part ...
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US: Barnes & Noble reports losses

Barnes & Noble Education, the provider of educational products and services for higher education and ...
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Canada: Showbie appoints VP Learning

Showbie, which provides software as a service solutions for hybrid learning in K12 and higher ...
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UK: Your Favourite Teacher raises capital

Ed tech platform Your Favourite Teacher (YFT) is raising capital to expand its operations through ...
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Australia: Canva for Education raises $60m as valuation balloons to $6bn

Ed tech unicorn Canva for Education has raised US$60 million of new funding as its ...
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US: Californian districts take alternate stances on re-opening schools as Trump reiterates funding threat

School districts in California are at odds with one another over plans to re-open in ...
3 months
k12
News

Saudi Arabian government wants private investors to expand SEN and boarding provision

Saudi Arabia’s education minister has said his department is working on plans to attract investors ...
3 months
News

United Arab Emirates: Shareholders in school property fund call for official probe into its manager

A Dubai-listed real estate investment trust (REIT) which owns multiple private school sites is facing ...
3 months
k12
News

Venture capitalists rained $4.5bn onto ed techs during ‘unprecedented’ first half

Some $4.5 billion of venture funding was poured into ed techs during the first half ...
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Finances of China’s biggest bilingual schools operator ‘remain solid’ in face of pandemic

The financial profile of Bright Scholar, China’s largest bilingual school provider by enrolments, will “remain ...
3 months
k12
News

United Arab Emirates: GEMS leader forecasts consolidation and school closures in wake of Covid-19

The leader of the United Arab Emirates’ largest for-profit school chain has said that the ...
4 months
k12
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India: Byju’s becomes ed tech’s first ‘decacorn’ as valuation reaches $10.5 billion

Indian start-up Byju’s has become ed tech’s first ‘decacorn’ as its valuation reached $10.5 billion ...
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China: TAL sees online revenues rise but records first-ever loss as Covid-19 cripples centre-based business

The world’s largest education company now derives nearly a fifth of its revenues from digital ...
4 months
k12
News

China’s New Oriental to raise $300m of debt via Hong Kong

China-based New Oriental, a $21 billion after-school tuition provider listed in New York, has announced ...
4 months
k12
News

Chinese online tutoring provider raises $750m as its valuation reportedly hits $6.5bn

Beijing-headquartered online tutoring firm Zuoyebang has raised $750 million in fresh financing as investors continue ...
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United Arab Emirates: GEMS Education announces Dubai school closure due to Covid-19 impact

GEMS Education, the United Arab Emirates’ largest for-profit school group, has closed one of its ...
4 months
k12
News

China: Covid-19 claims another language tuition casualty

The language training arm of media giant Disney is closing down its operations in China ...
4 months
News

China: Stock exchange probes company over loan to London-based private school group

Listed Chinese companies that ventured into education from sectors including industrial production are reportedly facing ...
4 months
k12
News

Exclusive: New chief executive marks change of direction for TES Global

The chief executive of TES Global, Rob Grimshaw, has stepped down – and the private ...
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Saudi ed tech Noon Academy nets $13m in oversubscribed round after doubling users since pandemic began

Saudi Arabia-based ed tech Noon Academy, which claims to be the fastest-growing platform of its ...
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Singapore: Maple Leaf to buy Canadian International School for £386m as it bolsters overseas presence

Maple Leaf Educational Systems will acquire the Canadian International School (CIS) in Singapore for S$680 ...
4 months
k12
News

UAE: American private schools announce tie-up as pressure mounts on finances

Two American schools in Sharjah will merge to reduce costs, in the latest sign of ...
4 months
k12

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