Bowmark Capital has agreed to sell its stake in Oxford International Education Group, an international education provider, as part of two simultaneous transactions – the sale of the company’s schools division to Nord Anglia Education, and the sale of its university partnerships, online learning and languages business to a management buy-out, backed by THI Investments.
Since Bowmark invested in the group in March 2014, Oxford International has significantly expanded the scale and scope of its schools and university partnerships businesses, more than doubling overall group revenues. The schools division has grown from one to three top-performing independent schools and now comprises d’Overbroeck’s, Oxford Sixth Form College and Oxford International College. In 2019 and 2020, Oxford International College reached the top of the UK Independent School League Tables for A-level results.
Oxford International’s university partnerships business has also grown significantly during this period, securing three new partnership contracts with prestigious UK universities, and its first international partnership with Jacobs University in Germany. De Montfort University, the company’s first partner, anticipates enrolling 1,000 international students for the 2021/22 academic year, making it one of the largest such student cohorts in the UK. During this period, Oxford International has also developed its language course provision in the US and Canada and its online learning platform, OI Digital Institute, for partners and students globally.
Lil Bremermann-Richard, Oxford International’s group chief executive officer, comments: “I would like to thank Bowmark for all of their support over the past seven years. They have helped us to capitalise on our reputation for high-quality education, to deliver a broader range of innovative, high quality services to students and to build prestigious partnerships. Our future with THI Investments is full of opportunities and we look forward to continuing to deliver the exceptional services that our partners and our students know and trust.”
Read more/Source: Private Equity Wire
