Bowmark Capital has agreed to sell its stake in Oxford International Education Group, an international education provider. This transaction is the result of Oxford International’s sale of its schools division to Nord Anglia Education and the sale of its university partnerships, online learning and languages business to a management buy-out backed by THI Investments. No financial terms were disclosed.
Bowmark Capital has agreed to sell its stake in Oxford International Education Group, the leading international education provider, as part of two simultaneous transactions – the sale of the company’s schools division to Nord Anglia Education, and the sale of its university partnerships, online learning and languages business to a management buy-out, backed by THI Investments.
Since Bowmark invested in the group in March 2014, Oxford International has significantly expanded the scale and scope of its schools and university partnerships businesses, more than doubling overall group revenues. The schools division has grown from one to three top-performing independent schools and now comprises d’Overbroeck’s, Oxford Sixth Form College and Oxford International College. In 2019 and 2020, Oxford International College reached the top of the UK Independent School League Tables for A-level results.
Oxford International’s university partnerships business has also grown significantly during this period, securing three new partnership contracts with prestigious UK universities, and its first international partnership with Jacobs University in Germany. De Montfort University, the company’s first partner, anticipates enrolling 1,000 international students for the 2021/22 academic year, making it one of the largest such student cohorts in the UK. During this period, Oxford International has also developed its language course provision in the US and Canada and its online learning platform, OI Digital Institute, for partners and students globally.
Lil Bremermann-Richard, Oxford International’s group chief executive officer, commented: “I would like to thank Bowmark for all of their support over the past seven years. They have helped us to capitalise on our reputation for high-quality education, to deliver a broader range of innovative, high quality services to students and to build prestigious partnerships. Our future with THI Investments is full of opportunities and we look forward to continuing to deliver the exceptional services that our partners and our students know and trust.”
Bowmark partner, Simon Adcock, commented: “We have thoroughly enjoyed working with Lil, chairman Chris Spanoudakis, and the rest of the management team during a period of significant investment, transformational change and sustained growth for Oxford International. We wish both businesses and their management teams every success in the future under their new owners.”
Bowmark Capital is a leading private equity firm that invests in UK services and technology companies valued at up to £250 million. Established in 1997, we manage and advise funds of over £1.5 billion and have made more than 50 investments. With our strategic support and capital, we work in partnership with management teams to accelerate growth and build exceptional businesses. Bowmark Capital LLP is authorised and regulated by the Financial Conduct Authority. Find out more at www.bowmark.com and LinkedIn.
About Oxford International Education Group
Oxford International is an accredited, private education provider that operates international colleges with five universities in the UK and Europe, online courses through the OI Digital Institute and English language centres across the UK and North America to create life-enhancing experiences for students worldwide. Its courses help over 50,000 UK and international students achieve academic success every year. It has built strong relationships with education consultants around the world and prides itself on delivering the best programmes for its students. Find out more at www.oxfordinternational.com.
About THI Investments
THI Investments is a family-owned European private equity investor with total AUM of €1.8bn and offices in London and Stuttgart. It is a direct private equity investor with permanent capital and a long-term operationally focused investment approach. THI invests equity amounts from £30-100m in businesses in its core sectors of Education and Training, Business Services, Industrials and Healthcare in Western Europe. THI seeks to invest into market leading businesses by backing strong management teams. The firm’s Strategy and Business Development team brings significant operational and industrial expertise to assist management teams in driving value creation in portfolio companies. Find out more at www.thi-investments.com.
About Nord Anglia Education
Nord Anglia Education is the world’s leading premium schools organisation, with 73 schools across 30 countries. Its schools go beyond traditional learning to deliver a high quality, transformational education to students from kindergarten through to the end of secondary school. It offers multiple internationally recognised curriculums, including the English Curriculum, the International Baccalaureate, the Swiss Maturité and the US Curriculum, amongst others. Find out more at www.nordangliaeducation.com.