Investcorp Acquires GL Education from VSS

Investcorp, a Bahraini alternative investment manager, has acquired UK-based education firm GL Education Group from Veronis Suhler Stevenson for an undisclosed amount, writes Reuters. GL Education, previously called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children. It runs two units, GL Assessment and GL Performance.

Reuters – Investcorp Corp, a Bahraini alternative investment manager, on Monday said it acquired U.K.-based education firm GL Education Group for an undisclosed amount.

Investcorp, which once floated luxury brands Gucci and Tiffany & Co, said it bought the company from Veronis Suhler Stevenson, a private equity and debt capital firm focused mainly on education, media and information sectors.

GL Education, earlier called Granada Learning Group, is a provider of tools and services to enhance educational capabilities among children. It runs two units, GL Assessment and GL Performance.

Investcorp is looking to spend more than $400 million on stakes in companies in Turkey and in the Gulf Arab states in the next two years through its $1 billion Gulf Opportunities Fund I which is 50 per cent invested so far in four deals, a senior executive told Reuters in November.

The company reported a 90 percent drop in half-year profits hit by declining hedge fund revenues.

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget