Mubadala joins Dubai Holding in taking stake in UK school operator Nord Anglia
Nord Anglia Education operates over 80 schools, including 4 in UAE
Dubai: Abu Dhabi investment firm Mubadala is picking up a stake in the UK school operator, Nord Anglia Education, for $600 million.
It was recently that a Dubai Holding entity confirmed it was joining a consortium that bought Nord Anglia. The latter operates four schools in the UAE.
“The increasing demand for high-quality education, coupled with Nord Anglia’s innovative approach and commitment to individualized learning makes this a compelling opportunity,” said Alvin Teh, Head of Consumer at Mubadala.
Nord Anglia manages over 80 schools in 33 countries, and oversees more than 90,000 students from ages 2 to 18. Its Year 12 graduates are ‘regularly accepted into the world’s Top 100 universities’.
The deal that saw Dubai Holding come in values Nord Anglia at $14.5 billion. It was led by EQT, a consortium of institutional investors that includes Neuberger Berman Private Markets, Canada Pension Plan Investment Board, and Corporación Financiera Alba, alongside Dubai Holding Investments.
