CPPIB, Baring To Take International School Operator Nord Anglia Education Private

Canada Pension Plan Investment Board (CPPIB) and funds affiliated with Baring Private Equity Asia have agreed to acquire and privatize Hong Kong-based Nord Anglia Education at a valuation of US$4.3 billion including assumption of debt, the firms announced today.

CPPIB and Baring, already majority shareholders of the education company with a combined 67% stake, plan to acquire all remaining outstanding shares of Nord Anglia Education and take the New York Stock Exchange-listed company private.

"This investment in Nord Anglia is an excellent fit with our strategy to build a diversified portfolio capable of delivering strong, sustainable returns to the Canada Pension Plan Fund over the long term," said Deborah Orida, Managing Director, Head of Private Equity Asia at CPPIB.

Nord Anglia, founded in 1972, operates 43 international school...

This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like