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Announced

Completed

INPP completed the acquisition of a 29% stake in Bradford and Lewisham Building Schools for the Future from Costain for $37m.

Financials

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Transaction Value£29m
Consideration TypeCash
Capital Owned7%
Capital Bid For29%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Education Services

Acquisition

Minority

Domestic

Friendly

Private

education services

Single Bidder

Private Equity

Completed

United Kingdom

Synopsis

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International Public Partnerships, a closed-ended investment company, completed the acquisition of a 29% stake in Bradford and Lewisham Building Schools for the Future from Costain, a British construction and engineering company, for $37m. "We are very pleased to make this further investment into the Bradford and Lewisham BSF projects and the Three Shires scheme, building on the Company's existing portfolio of UK schools and healthcare facilities that support the communities in these regions," Mike Gerrard, International Public Partnerships Chair.

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