Into University Partnerships' sale
An education group that specialises in partnering with universities, but is opposed by many lecturers, is looking to private equity to take a minority stake in the business.
Into University Partnerships, which has joint ventures with universities, including Exeter and Newcastle, has hired Credit Suisse to find an investor. It is understood that an information memorandum will be sent to potential bidders in the next two weeks.
However, there are signs that interested parties might be put off by directors' high valuation. They believe Into could be worth as much as £1bn within 10 years, though an industry source suggested that the stake should not value the business at any more than £200m at present.
Into's chairman is Andrew Colin, who previously ran Study Group International, a specialist in English language training for foreign students. He sold it to Daily Mail & General Trust for more than £40m in 1999.
Into works with universities to improve accommodation and services for international students, to help increase the intake from lucrative overseas markets.
- 1 Russell Brand says he will 'probably' give up acting to focus on his revolution
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 David Beckham's Haig Club whisky is exactly what’s wrong with the Highlands
- 4 Queen's first tweet: Reply telling Her Majesty to 'f*** off' broadcast on BBC News
- 5 #AskNigelFarage: Twitter starts hilarious Q&A for Ukip leader
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Tony Blair 'says Ed Miliband will lose 2015 general election'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Putin: The US is to blame for almost all the world's major conflicts
Attacks on 'Ukip Calypso' show how skewed people’s priorities are
iJobs Money & Business
£60000 per annum: Ashdown Group: Compensation and Benefits Manager - Compensat...
£30000 - £35000 Per Annum plus excellent benefits: Clearwater People Solutions...
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£50000 - £90000 per annum + benefits: Ampersand Consulting LLP: Markit EDM (CA...