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New Deal


Announced

Novus Holdings to acquire a 75% stake in the South African K12 business of Pearson for £53m.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For75%
EV/Sales1.6x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Education Services

Friendly

Private

k12 education

Acquisition

Majority

Single Bidder

Pending

South Africa

Synopsis

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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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