Parties
Company
BPP Education Group
Company
TDR Capital
Company
EduCo International Group
On July 10, 2024, BPP Education Group acquired Acsenda School of Management and Arbutus College in Canada, CIC Higher Education in Australia, and a US Partnerships recruitment business from EduCo International Group. The acquisitions marked BPP’s entry into Canada and Australia, strengthening its global presence in professional and vocational education.
Acsenda and Arbutus, both based in Vancouver, offer degree and diploma programs for international students. CIC Higher Education in Melbourne provides undergraduate and postgraduate business programs, while the US Partnerships business recruits international students for top US universities. These acquisitions align with BPP’s strategy to expand its portfolio and meet rising global demand for higher education.
Legal advisors included Fasken for BPP and TDR Capital, Norton Rose Fulbright LLP for the seller, Faegre Drinker Biddle & Reath LLP as US legal advisor - Buyer), Johnson Winter Slattery (Australian legal advisor - Buyer), and Simpson Thacher Bartlett (UK legal advisor - Buyer (Financing)). Houlihan Lokey advised BPP/TDR Capital.
The transaction value was not disclosed.
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
10 July 2024