Twitter LinkedIn
    Saturday, February 4
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»BPP sold to private equity house TDR Capital
    Deals & Transactions

    BPP sold to private equity house TDR Capital

    March 25, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    BPP has been sold to private equity house TDR Capital, in what is the educational provider’s first change in ownership since 2009. BPP, which provides legal education and training, as well as courses in accountancy and finance, had been owned by Vanta Education, Inc., previously known as Apollo.

    Founded in 1992, Apollo Global Management Inc. acquired BPP for £368m in 2009 and owned it through a period of radical change in which the institution eventually secured university status, though the process was not without turbulence. It was put in the market in the summer of 2019, although initially no buyers were found.

    BPP’s new owners, TDR Capital, own a number of leading brands, most notably Asda. The deal was agreed last year for nearly £7bn with the Issa brothers, while TDR’s other brands include David Lloyd Leisure and a recent bid for Aggreko. Graham Gaddes, the CEO of BPP, said: “This is a significant vote of confidence not only in our business and our management team, but also its strategy and the long-term future of UK higher education and professional training.”

     

    Read More

    Source: The Lawyer

    By Rachel Moloney

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Acquisitions deals Investments Transactions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    University of California invests $4 bn in redemption-stricken REIT

    January 3, 2023

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Siemens Healthineers Said to Weigh $1 Billion Ultrasound Sale

    April 12, 2021

    Audax Private Debt provides financing for MSouth Equity Partners

    June 14, 2021

    Nintendo Founder’s Family Office Joins Japan Systems Takeover Race

    January 7, 2021

    Canada’s Couche-Tard in takeover talks with France’s Carrefour

    January 15, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?