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Australian Education Group to acquire KOI and Aspen from Viss for $87m.

Financials

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Transaction Value£69m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Australia

Friendly

Education Services

Private

college

Pending

education

Majority

Synopsis

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Australian Education Group, an education consultant and subsidiary of China Education Group Holdings agreed to acquire Aspen Higher Education and King's Own Institute, two of the educational service providers from Viss Holdings for $87m. The acquisition of KOI forms part of CEG’s growth strategy in the higher education sector.

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