Cambridge Education Group sold for almost £200 million

By John Morgan. Cambridge Education Group, which prepares international students for university, has been sold to a private equity firm in a deal worth £185 million. 
Bridgepoint has bought the pathway course provider from another private equity firm, Palamon Capital Partners. The deal will “generate a return on investment for Palamon of 14.6 times, with a capital gain of £141 million”, Palamon said in a statement today. Read more...