Swedish investment firm EQT and New York-based Neuberger Berman Private Markets are part of the consortium banding together with Canada’s largest pension fund manager. The bid to buy the international schools operator includes US$10 billion in equity. (The Logic, Reuters)
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Swedish investment firm EQT and New York-based Neuberger Berman Private Markets are part of the consortium banding together with Canada’s largest pension fund manager. The bid to buy the international schools operator includes US$10 billion in equity. (The Logic, Reuters)
Talking point: Nord Anglia operates more than 80 schools in 33 countries, with over 85,000 students. CPP Investments has held a stake in the London-headquartered firm since it invested US$1 billion in 2017, and it marked CPP’s first direct equity investment in the private education space.The reinvestment in the company shows the pension fund manager is “highly confident in the growth potential of the sector,” Caitlin Gubbels, CPP’s senior managing director and global head of private equity, said in a press release. It follows a flurry of deals in the sector: in June, Toronto-based Brookfield Asset Management announced it and a consortium of backers agreed to buy Dubai-based GEMS Education, one of the world’s largest companies in the space, for an undisclosed amount.
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