Abu Dhabi-based Mubadala Investment Company has signed an agreement to acquire a $600 million (around AED 2.203 billion) minority stake in private school operator Nord Anglia Education.
Mubadala will join the consortium led by investment organisation EQT that includes Neuberger Berman, Canada Pension Plan Investment Board, Corporación Financiera Alba, S.A., and Dubai Holding.
Alvin Teh, Head of Consumer Investments at Mubadala, explained that "increasing demand for high-quality education, coupled with Nord Anglia’s innovative approach and commitment to individualised learning makes this a compelling opportunity".
Operating over 80 schools in 33 countries, Nord Anglia educates more than 90,000 students from ages two to 18.
Jack Hennessy, Partner at EQT Private Capital, said it marks "an important milestone in the company's journey and further strengthens its position as the world’s leading premium education platform. Mubadala brings a global perspective and strategic reach that will be valuable as Nord Anglia continues to grow and innovate".
Andrew Fitzmaurice, Chief Executive Officer of Nord Anglia Education, stated "Mubadala’s commitment to the growth and development of Nord Anglia’s educational offer will further strengthen the learning experiences we create for students as the world’s leading international schools organisation".
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