Ropes & Gray has advised EQT on the signing of definitive share purchase agreements in respect of Nord Anglia Education, as part of a consortium with Neuberger Berman Private Markets, Canada Pension Plan Investment Board and other global institutional investors, for an enterprise value of $14.5 billion. EQT initially invested in Nord Anglia in 2007, in 2017 it strengthened its commitment by increasing its stake in the company and welcoming CPP Investments as a partner. EQT and CPP Investments now continue their support of Nord Anglia, joined by Neuberger Berman, and other global institutional investors. EQT is investing in Nord Anglia through its BPEA Private Equity Fund VIII. CPP Investments will reinvest a portion of its stake in support of the acquisition.
Nord Anglia is a leading international schools organisation, operating over 80 schools in 33 countries and educating more than 85,000 students from ages 2 to 18. The new majority ownership group will help to strengthen its mission of delivering world-class education and cultivating the next generation of global leaders and innovators.
Last year, Ropes & Gray advised EQT in partnership with Nord Anglia on its $1.25 billion acquisition of IMG Academy.
The team was led by private equity partners Elizabeth Todd and Shona Ha and tax partner Andrew Howard with support from asset management partner Eve Ellis, private equity associates Nicholas Matthew, Kenan Ceylan and Padraic Daly, tax associate Charlie Voisey and trainee Declan Larkin.