Deals

Neuberger Backs Nord Anglia School Chain at $14.5 Billion Value

EQT commits money from newer fund, with CPPIB also reinvesting
Fast-growing education sector has been attracting interest

This image shows Nord Anglia International School in Lam Tin. 22JAN16 SCMP/ Bruce Yan (Photo by Bruce Yan/South China Morning Post via Getty Images)Photographer: South China Morning Post/South China Morning Post

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By Dinesh Nair, Swetha Gopinath, and Gillian Tan

October 21, 2024 at 10:40 PM GMT+9

A consortium including asset manager Neuberger Berman is buying a stake in Nord Anglia in a deal valuing the international school operator at $14.5 billion including debt.

Buyout firm EQT AB, one of Nord Anglia’s current major shareholders, is investing in the company again through a newer fund, according to a statement Monday that confirmed an earlier Bloomberg News report. Another existing backer, Canada Pension Plan Investment Board, will reinvest a portion of its stake.

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