Announced
Financials
Tags
Domestic
Education Services
Friendly
Private
k12 education
Acquisition
Majority
Single Bidder
Pending
South Africa
Synopsis
Novus Holdings, a business conglomerate, agreed to acquire a 75% stake in the South African K12 business of Pearson, an education services provider, for £53m. "This transaction forms part of that process and follows the disposal of our K12 business in Brazil and our K12 courseware French Canadian business, as well as agreements to sell our K12 businesses in Italy, Germany, and Hong Kong," Pearson.
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