Investcorp Acquires Nobel Learning Communities, a network of 176 schools in the U.S.
NEW YORK, March 30, 2015 /PRNewswire/ -- Investcorp, a global provider and manager of alternative investment products, today announced that it has signed a definitive agreement to acquire Nobel Learning, a leading provider of private preschool through high school education in the United States, from Leeds Equity Partners.
Founded in 1984, Nobel Learning operates a network of 176 schools across 18 states with a commitment to outstanding education. The company also has an accredited online private school that offers college preparatory programs to students from over 55 countries worldwide. With approximately 5,000 teachers and staff and 25,000 students, Nobel Learning is one of the largest private operators in the U.S.
"Nobel Learning has achieved tremendous progress over the last several years in further developing the quality of our educational product and building a very strong portfolio of on-ground and online schools. We believe that we are well-positioned to capitalize on the opportunities within the private education market in the U.S.," said George Bernstein, President and Chief Executive Officer of Nobel Learning. "We are extremely pleased to partner with Investcorp, which can support our expansion with operational resources, real estate expertise, and access to their global network. We look forward to benefitting from their experience in accelerating the growth of their portfolio companies as we continue to invest in our curriculum, our on-ground and online school platforms and the professional development of our staff."
"We are excited to partner with Nobel Learning's exceptional management team to further expand this high-quality private education platform," said Maud Brown, Managing Director at Investcorp. "Nobel Learning aligns perfectly with Investcorp's strategy of investing in leading businesses that operate in fragmented, growing, and defensive markets. We look forward to utilizing our expertise to support the company's next stage of growth through strategic add-on acquisitions and continued investments in its educational product."
Nobel Learning is the only scaled and diversified provider of preschool through grade 12 private education in the U.S. The company provides high-quality private education through small class sizes, employs qualified teachers and meets students' individual learning styles through personalized learning plans. Nobel Learning also offers an array of supplemental educational services, including before- and after-school programs, a summer program and learning support programs. The company operates as a network of multi-branded local schools with a centralized team of educators that provide training and support as well as establish a proprietary research- and standards-based curriculum enabling the schools to focus on the needs of individual students, families and local communities. For additional information on Nobel Learning, see http://www.nobellearning.com
About Investcorp
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain, Saudi Arabia and Abu Dhabi. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at December 31, 2014, the Investcorp Group had approximately $11 billion in total assets under management ('AUM'), including assets managed by third party managers where Investcorp receives fees calculated on the basis of AUM. Further information, including our most recent periodic financial statements, which details our assets under management, is available at www.investcorp.com.
Photo - http://photos.prnewswire.com/prnh/20150329/195112
Photo - http://photos.prnewswire.com/prnh/20150329/195113
Photo - http://photos.prnewswire.com/prnh/20150329/195114
SOURCE Investcorp
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article