Primavera Capital acquired Nobel Learning Communities from Investcorp.

Spring Education Group, the leading PreK-12 private school operator in the United States and portfolio company of Primavera Capital Group, a leading Asia-based investment firm, acquired Nobel Learning Communities from Investcorp. Nobel Learning is one of the largest private school operators in North America. Financial terms were not disclosed. George Bernstein CEO of Nobel Learning Communities said, "One of the critical factors in our success has been the wonderful relationship that our management team had with Investcorp and the strong board they built. The Investcorp team was always supportive and yet challenged us to improve our strategy and measurements in a way that helped generate increased value. Investcorp took the time to understand our business, schools and culture and became a true partner to our management team."