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Bridgepoint to acquire a majority stake in Cambridge Education Group

Wed 4 Dec 2013 < Back to listing

Bridgepoint, a major international private equity group focused on investing in market-leading businesses is to acquire Cambridge Education Group from Palamon Capital Partners at an enterprise value of £185 million.

Bridgepoint, a major international private equity group focused on investing in market-leading businesses is to acquire Cambridge Education Group from Palamon Capital Partners at an enterprise value of £185 million.

Palamon acquired a majority stake in CEG in 2007 at a time when CEG taught 460 academic students per year across two campuses in Cambridge and Canterbury. Today, CEG teaches over 3,000 academic students and thousands of short-term English language students each year. It has four divisions in three countries: CATS, a high school network with campuses in Cambridge, Canterbury, London and Boston, USA; FoundationCampus university pathway programmes with 20 university partnerships in the UK, US and the Netherlands; Cambridge School of Visual & Performing Arts and English language centres, operating under the Stafford House brand.

Since 1952, Cambridge Education Group has been delivering the highest quality academic, creative and English Language programmes, preparing thousands of students to progress onto the world’s leading universities.

Fergus Brownlee, Chief Executive of Cambridge Education Group, said the acquisition will enable the group to maintain its commitment to the highest standards of academic excellence.

He added: “We are delighted with what we have been able to achieve during the past seven years with the close collaboration of our supportive partner, Palamon. We have taken CEG from being a small UK platform to a market leading brand with an international presence.”

“It is our focus on quality at every stage – and the outstanding success of our students – that has made us one of the fastest growing independent education providers in the world.

“We now have in place a strong platform for further expansion and this acquisition will allow us to progress as an organisation, whilst developing and maintaining local partnerships that will enable us to deliver the highest standards of academic quality our students demand. We are looking forward to working with Bridgepoint to capture the next stage of growth”

Chris Busby, the partner responsible for Bridgepoint’s investment activity in the UK, commented: “Cambridge Education Group has grown substantially, extended its teaching, targeted new markets and importantly, delivered strong academic results. Our investment will provide the company with additional financial capacity and reach to accelerate its push further into international markets as well as help it realise its ambitions in a growing market.“



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