Cambridge Education Group (‘CEG’), the specialist provider of foundation programmes and English language training for international students wishing to prepare for university, is to be acquired by Bridgepoint, the international private equity firm, in a transaction totalling £185 million in enterprise value and resulting in an acquisition multiple of 11x current year forecast EBITDA. The business was sold by Palamon Capital Partners who acquired the group in 2007.
Bridgepoint Development Capital (‘BDC’) has acquired a minority stake in LOC, the international provider of marine and engineering assurance services to the offshore oil & gas and marine markets. Financial details of the investment are not disclosed.
Dr Gerard, a producer of branded and private label biscuits in Poland, has been acquired by Bridgepoint from Groupe Poult of France, for an undisclosed amount.
Bridgepoint Development Capital (‘BDC’) has entered into an agreement with the private equity funds Procuritas Capital Investors III A and B (“Procuritas”) and minority shareholders to acquire KGH Customs AB (“KGH” or the “Company”), the leading independent provider of customs services in Europe.
Bridgepoint today announces that Terveystalo, the Finnish private healthcare provider that it has owned since 2009, has been sold to EQT VI for an undisclosed sum.
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