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A Cambridge-based supplier of English language coaching for worldwide college students is being courted by an Oxford-headquartered rival in a deal probably price as much as £200m.
Sky Information has learnt that Oxford Worldwide Training Group (OIEG) is considered one of three bidders vying to realize management of Cambridge Training Group (OIEG), a non-public equity-backed enterprise established greater than 70 years in the past.
Metropolis sources stated that OIEG was bidding towards Investcorp, the Bahrain-based non-public fairness agency, and Vanta, an American investor.
An public sale of CEG, which has been owned by Bridgepoint, the London-listed non-public fairness group since 2013, has been beneath method for months.
It’s being overseen by bankers at Macquarie.
CEG contains two divisions, considered one of which is targeted on basis programmes and English language coaching, and the opposite which helps universities to ship on-line or hybrid programs to college students.
One banker stated that OIEG was prone to possess a bonus within the sale course of as a result of it will have the ability to extract value synergies, in contrast to its rival bidders.
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A tie-up between the Oxbridge schooling suppliers would create a market main enterprise within the worldwide non-public schooling sector, the banker stated.
The worth of CEG in any transaction is predicted to be between £150m and £200m.
Bridgepoint declined to touch upon Friday.
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