Providence Equity Offers To Buy Swedish Education Company

Providence Equity Partners has offered to acquire AcadeMedia AB, Sweden’s largest independent education company with approximately 45,000 students and course attendants at around 150 locations. AcadeMedia is publicly-trade in Stockholm.

The proposal would value AcadeMedia at approximately $283 million, with AcadeMedia stockholders to receive SEK165 per share (3% premium to yesterday’s closing price).