An Oxbridge education tie-up is on the cards as Bridgepoint, the buyout firm, looks to offload a Cambridge-based company it has owned since 2013, Sky News learns.
A Cambridge-based provider of English language training for international students is being courted by an Oxford-headquartered rival in a deal potentially worth up to £200m.
A Cambridge-based provider of English language training for international students is being courted by an Oxford-headquartered rival in a deal potentially worth up to £200m. Sky News has learnt that Oxford International Education Group is one of three bidders vying to gain control of Cambridge Education Group , a private equity-backed business established more than 70 years ago.
City sources said that OIEG was bidding against Investcorp, the Bahrain-based private equity firm, and Vanta, an American investor. An auction of CEG, which has been owned by Bridgepoint, the London-listed private equity group since 2013, has been underway for months.
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