Baring completes leveraged Nord Anglia deal

The $360 million takeover of education firm Nord Anglia is supported by a debt package raised partly in Asia.

Baring Private Equity Asia has completed the takeover of Nord Anglia Education, which runs schools and provides learning services predominantly in Asia, for an equity value of ú190 million $360 million.

Baring made the successful bid for Nord Anglia via its wholly owned acquisition vehicle Premier BidCo on July 7, which was recommended by the board of Nord Anglia. Baring offered ú4.60 per share, representing a total equity value of ú190 million. The price was a 70.4% premium...

To continue reading, please login or register for free

Click for more on: baring | nord anglia | private equity

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...