Sovereign announces second education exit in three months
Sovereign Capital, the UK private equity Buy & Build specialist, today announces the realisation of its investment in Astrum Education Group (‘Astrum’), the group of London sixth form colleges. This is Sovereign’s second exit from the education sector in three months and follows that of Lifetime Training Group, the sale of which is subject to regulatory approval.
Sovereign originally completed the acquisition of Astrum in June 2012. The colleges – Duff Miller, Lansdowne College and Chelsea Independent College – provide private education to (15-18 year old) students with structured, tailored tuition focused on examinations and entry to top universities. During Sovereign’s period of investment, a new campus was opened, all three colleges were converted from day schools to registered boarding schools and three new boarding facility sites were added. This investment made Astrum the largest boarding provider in central London and significantly grew its international student numbers.
Andrew Hayden, Managing Partner, Sovereign Capital said, “We are delighted to have partnered this high quality group of schools over the last 4 years. We have worked to support the business as it developed both its service offering and international reach and we wish the management team every continued success for the future.”
Mark Labovitch, CEO, Astrum Education Group added, “Sovereign has been a highly supportive investor and understands the importance of quality of service as well as robust growth. We look forward to further developing the Group in what is an exciting marketplace.”
For further information please contact: Julie Sieger, Sovereign Capital, on +44 (0)20 7340 8800 or email:firstname.lastname@example.org