Consortium of private equity firms completed the acquisition of Galileo Global Education from Providence Equity Partners.

A consortium of private equity firms including CPPIB and Montagu, alongside existing shareholders Tethys Invest and Bpifrance, completed the acquisition of Galileo Global Education, a provider of education services, from private equity firm Providence Equity Partners. Financial terms were not disclosed. "We look forward to supporting Galileo as it evolves its unique global platform in the higher education sector, to continue to deliver high-quality, innovative and flexible courses to students around the world, adapting to challenges and leveraging the use of technology. CPP Investments is confident that Galileo – through its management and teaching staff – will build long-term value in the business for the benefit of CPP contributors and beneficiaries," Alain Carrier, CPP Investments Senior Managing Director & Head of International.