Chatsworth Schools has acquired Riverston School and Beech Hall School from The Riverston Group, a London-based operator of private schools designed for students with moderate learning difficulties.
Riverston School, situated in south London, serves as the mothership, while Beech Hall is located in the Peak District.
As part of the takeover, Professor Michael Lewis, Riverston Group chairman, whose family has run Riverston since 1956, has been appointed as a governor of Chatsworth Schools.
The terms of the transaction were not disclosed.
Anita Gleave, founder and chief executive of Chatsworth Schools, said: “We are extremely proud that Chatsworth Schools has acquired Riverston School and Beech Hall School and we look forward to building on the inspiring work of the Lewis family. Chatsworth Schools’ philosophy is rooted in integrity, passion and resilience and we are committed to enabling outstanding futures for all our children”.
Lewis said: “I am delighted to announce the transfer of ownership of Riverston School and Beech Hall School to Chatsworth Schools. The next stage in the growth of our schools will be greatly enhanced by the involvement of a broader educational team, which can deepen the range of experience, collaboration and support available.
“I have known Anita Gleave for more than 10 years and I cannot think of anyone more suitable to take our schools to the next phase of development.”
In the year ended 31 August 2020, Riverston Group booked profit of £581,702 against turnover of £6.5 million, according to financial statements filed with Companies House. The previous year, the firm recorded profit of £190,892.
Chatsworth Schools is backed by Synova Capital, a London-headquartered private equity group.
The group operates 14 schools and nurseries in total.
Riverston Group also has an offshoot in Dubai, which is majority owned and operated by a Middle Eastern partner.
Date published: 2 March 2021