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.
Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...
FREEHOLD
Company 1: High-end designers and makers of furniture and kitchens to both private individuals, and commercial clients. Fully bespoke and high value work. Company 2: A highly recognised brand, sheet materials cut to size, edge-banded and spray finish...
LEASEHOLD
Supplies a range of products, including crates, beds, leads and toys to private and trade customers across the UK and internationally. The company owns the full product ranges and IP for brands of dog identification tags which can be engraved in-hous...
LEASEHOLD
|
31
|
|
Mar
|
Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS
The UK government has launched the Coronavirus Business Inte...
|
30
|
|
Mar
|
Tech group The Panoply acquires consultancy firm Ameo | BUSINESS SALE
Business consultancy firm Ameo has been acquired by AIM-list...
|
27
|
|
Mar
|
Addison Lee acquired by consortium of investors | BUSINESS SALE
Addison Lee Group, London’s biggest private care hire ...
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