Transactions involving private equity firms or companies backed by private equity continue to shape deal activity across the UK education industry according to the latest Education Industry Review Quarterly for Q3 2012 published by Meissa this week.
In August Graphite Capital backed the management buy-out of Explore Learning, the supermarket-based English and maths tutorial company. Graphite acquired a majority stake in Explore Learning from a group of investors including the Spectrum Venture Management Fund and Wittington Investments Limited. Setup in 2001, Explore Learning currently operates...
February was a good month for the share prices of UK companies with all or a significant part of their business derived from the education sector (see table). A major contributory factor was the annual results posted by seven of the listed companies covered by The Assignment Report's Monthly Sharewatch, published today.
Leading the way was Pearson who reported a 7% increase in revenue at its education business to £4.4bn in FY11 and an adjusted operating profit up 12% to £755m. And even those companies posting falls in revenue and profit were upbeat about the current year.
RM, the bellweather...
Prospects Group, the employee owned education, inspection, training and employment services business is The Assignment Report’s Education Company of the Year 2011.
Led by Chairman Ray Auvray and MD Vincent McDonnell, Prospects has demonstrated great skill in adjusting its business model to the changing needs of its diverse range of clients while maintaining growth in revenue and profits. In the five years to 31 March 2011, Prospects has seen EBITA increase 57% to £4.2m and revenue increase 50% to £76.9m.
During 2011 Prospects became a prime contractor...
December 2011's issue of the Assignment Report is now available. Included in this month’s issue:
Half-year operating profit down 80% at Findel’s education supplies business.
Mouchel agrees revised banking facilities.
Pearson to acquire Global Education and Technology for $155m.
Potential buyers circle the College of Law.
Wey Education pulls out of acquisition of Place Group.
PWC seeks buyers for NEC and other LSN businesses.
Knewton to integrate its platform with Pearson’s HE content and courses.
Archipelago Learning integrates EducationCity’s US operations.
Meissa has published the first issue of The Assignment Report's Education Industry Deal Review covering Q3 2011. The report summarises deal activity across the UK education industry together with significant transactions in the US and other key international education markets. The Education Industry Deal Review is provided as part of the annual subscription to The Assignment Report. For a free trial visit www.theassignmentreport.com
Here are the top ten largest education industry deals in the last 12 months to 30 September 2011.
Pearson's $400m acquisition of Connections Education, the Baltimore-based K-12 virtual schools business has taken Pearson's education spend to over $1,800m since the company sold its 61% stake in Interactive Data for $2,000m in May 2010. There's little doubt that Pearson's acquisition spree has stimulated the interest of other trade and private equity buyers in other opportunities across the education industry in the US and elsewhere. And last month's announcement by McGraw-Hill to spin-off its education business was in part due to Pearson's position as the number one global education company....
Last month saw further acquisition activity across the education sector in the UK and US including Cox & Kings £312m purchase of education and activity tour operator Holidaybreak, EduTone's acquisition of Global Grid for Learning from CUP and Providence's $1.64bn acquisition of Blackboard. Half year results from Pearson and Promethean reflected challenging conditions in the US and a profit warning from RM and half year results from Electric Word confirmed that the UK education market remains tough. Further analysis is available in the August edition of The Assignment Report
The UK education market remains "challenging" according to recently published accounts from a variety of companies across the industry. In July's issue of The Assignment Report we look at the recent numbers from a range of companies including Findel, The Consortium, WJEC, CACHE, Immersive Education, Epic Group, Synarbor, Havelock Europa and Woodspeen Training. There's also an update of last month's M&A activity within the industry and the recent funding round for Autology World. For more information visit www.theassignmentreport.com
June 2011's issue of The Assignment Report is now available. This month's issue includes coverage of AQA's double acquisition of Doublestruck and Teachit, Tutor2U's minority investment in game-based learning company Zondle and Intellego's acquisition of the elearning company PIXELearning plus analysis on over 30 companies across the education industry. For more information visit www.theassignmentreport.com
The May issue of The Assignment Report has been published. Issue 72 includes news of Pearson's latest $230m acquisition, Tribal's divestment of its health and government businesses to leave a support service business focused on education and analysis and comment on 25 other education companies. For further information and to request a two-issue free trial visit www.theassignmentreport.com
The Assignment Report is the leading market intelligence subscription newsletter for the UK education industry. Published monthly since 2005, the Assignment Report provides an in-depth analysis on the companies operating throughout the sector.