EQT confirms plans to sell education firm Academedia, eyes IPO: Reuters

(Reuters) – Private equity firm EQT has decided to sell Swedish education company Academedia with a market listing a leading option, an EQT spokeswoman said on Tuesday.

“EQT is considering various options for the next owner of Academedia,” Kerstin Danasten, head of press at EQT, said, confirming a report on Tuesday from Swedish daily Dagens Nyheter. “The main option now is to list Academedia.”

She said EQT was in no hurry to sell Academedia and that a sale could take place sometime during 2016.
Academedia had revenue of 6.4 billion Swedish crowns ($759 million) in fiscal 2013/14, and over 90,000 children and adults enrolled in education programmes.