Wed, 09 May 2018 | BUSINESS SALE
A businessman who made his name in the education industry is lining up the sale of his latest venture, which helps universities find overseas students and sells spaces on courses to them.
Andrew Colin is actively looking for a buyer for INTO University Partnerships, a company he founded in 2005. He has enlisted the help of investment house Deutsche Bank to help consider “strategic options” after being offered several takeover deals, according to the Times.
Colin currently owns around 75 per cent of the company, with the remaining stake belonging to senior staff and a US investor.
The sale could see Colin bring in £300 million in what would be the second lucrative payout in his career: in 1999, he sold his previous company the Study Group to the Daily Mail and General Trust for a reported £44 million.
Like INTO, the Study Group also helped foreign students gain admission to UK universities, particularly by helping them prepare for entrance tests.
INTO itself is most concerned with establishing joint ventures with universities, helping to finance new campus buildings and selling spots on popular courses to overseas students.
The company, which is headquartered in Brighton, reported pre-tax profits of £16.6 million in the last financial year – up from £8.6 million in the year prior.
Leeds Equity Partners, a New York-based venture fund, took a £66 million stake in INTO, valuing the whole company at £266 million.
Since then, the company has extended its work to include more UK universities as well as some abroad, particularly in the US. It was also reported that Deutsche Bank are considering a range of “acquisition opportunities” available to the company going forward.
Interested parties will be required to sign a nondisclosure agreement (NDA) before further information is provided. Indicative offers are required by 5PM on Thursday 9 December 2021 together with proof of funding. Management presentations/discussions...
LEASEHOLD
Luxury Holiday Cottages and Barges business for Sale with turnover exceeding £500k with 50% net profits. Current portfolio of 12 Properties consisting of; 8 holiday cottages, Barn & farmhouse Annexe together with two converted Barges.
FREEHOLD
Well-established specialist insurance repair contractors working closely with insurance companies and major loss adjustors to provide reactive repair and refurbishment services to clients following incidents such as fires floods and subsidence to dom...
|
03
|
|
Dec
|
Halfords to acquire £157m-turnover Axle Group Holdings for £62m | BUSINESS SALE
Halfords Group has announced that it will acquire automotive...
|
02
|
|
Dec
|
Staycation M&A surge continues as Midlothian plans £170m Park Leisure sale | BUSINESS SALE
Midlothian Capital Partners is reportedly exploring a potent...
|
02
|
|
Dec
|
Private equity-backed takeovers stabilise in third quarter | BUSINESS NEWS
The latest Buy and Build Barometer from Rickitt Mitchell has...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources