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This is Bright Scholar Education Holdings’ 3rd transaction in the Education sector. If you choose to block cookies some parts of this website may not operate. Advisers involved in this transaction included: For Bridgepoint / CEG: Travers (legal),Moelis & Company (M&A), Baird (M&A), PwC (Financial and Tax), L.E.K. Chrome | Phone: +44 (0) 207 593 4000 Bright Scholar Education acquires CATS Colleges on 2019-07-09 for $186867686 “The addition of the CATS international network of schools will help Bright Scholar share best practices and innovations to raise the standards of teaching and improve the learning experience of our students,” he said. How can virtual classrooms help institutions evolve and adapt to new challenges? In acquiring the CATS business, Bright Scholar is aiming to accelerate growth in a range of strong international markets, including China. In acquiring CATS Colleges, Bright Scholar will accelerate the growth of all three of these established operating brands in a range of stong international markets, including China. UK commits funding to domestic Erasmus+ alternative, Canada "considering" letting int'l students return in September, Indian students stopped from boarding flights to Canada, Canada's international students "left out" of support package, Australia to consider July entry for international students, Canada backtracks on travel ban exemption for international students, Two-year work rights for international students in UK reinstated for 2020/21, Visa application issues could stop students reaching universities, Canada makes major concession on entry for international students, Canada: some int'l students eligible for support, China: students frustrated by lack of support, Deputy Vice-Chancellor (Strategic Engagement). Please turn on JavaScript for the best possible experience. Study travel sector moves past pitfalls of partnership, Int’l students encouraged by vaccine hopes, Students positive about MBA study experience. CATS Colleges will continue to be run by David Newton and his management team. Phone: +44 (0) 207 034 3555 Your email address will not be published. Please view our cookie details page for more information on the cookies we use. IE. © 2020 Cambridge Education Group Limited. They will also be opportunities to continue the work to create synergies in the management and running of all the brands within CATS Colleges and allow greater focus on the continued improvement of excellent student outcomes and business growth. We share the same beliefs in combinging traditional values and forward-thinking ideas to help Bright Scholar share best practices and innovations to raise the standards of teaching and improve the learning experience of our students. Chirs Bell, partners at Bridgepoint, added: "CATS Colleges was formed to bring together the worldwide expertise of CATS, Cambridge School of Visual & Performing Arts (CSVPA) and Stafford House International brands within one operating division. Founded in 1952, CATS has grown into one of the most innovative and successful independent education providers in the United Kingdom and the United States. All rights reserved. Website by Isle. Email: media@brightscholar.com, Cambridge Education Group Limited, Email: matthew.moth@madano.com or michael.evans@madano.com, Bridgepoint “At ONCAMPUS, we want to continue the recent trend of outstanding organic growth. They will build on the work they have already been doing to create an operating model for the long-term growth of this focussed colleges business. Cambridge Education Group and its private equity owner, Bridgepoint, have announced the sale of the CATS Colleges division to Bright Scholar, the largest operator of international and bilingual schools in China. Mobile: + 44 (0) 7770 381 263 or +44 (0) 7881 558 499 This website and services embedded within it use cookies to offer you the best user and functional experience and to provide us with performance statistics. Block cookies. He added that acquisition will set the stage for accelerating the expansion of Bright Scholar’s overseas school portfolio, distinguishing the operator as a global premium education service provider. Your email address will not be published. Please click more information to read about cookies and to view the cookies we use. The sale of CATS Colleges is scheduled to complete by the end of July. James Murray of Chinese education sector. Required fields are marked *. On July 9, 2019, Bright Scholar Education Holdings Ltd. acquired education company CATS Colleges Holdings Ltd. from Cambridge Education Group Ltd. for 150M GBP Acquisition Highlights. Bridgepoint acquired CEG in 2013, and the sale of CATS Colleges is scheduled to complete by the end of July. At ONCAMPUS, we want to cotinue the recent trend of outstanding organic growth. Mr. Jerry He, Executive Vice Chairman of Bright Scholar comments: "The acquistion of CATS expands Bright Scholar's significant presence outside of China as we continue to build a global network of premium scholls. In digital, the platform of 1,000 students will be used to launch further programs and sign new partners.”. This site requires JavaScript for certain functions and interactions to work. Cambridge Education Group Executive vice-chairman of Bright Scholar Jerry He said the acquisition of CATS will expand Bright Scholar’s significant presence outside of China as the business continues to build a global network of premium schools. https://thepienews.com/news/bright-scholar-acquires-cats-colleges Speaking about the acquisition, CEO of CEG Michael Ioakimides said the business wished Bright Scholar and CATS Colleges continued success. “The acquisition will set the stage for accelerating the expansion of Bright Scholar’s overseas school portfolio”. Most browsers allow you to block cookies within their settings and we have provided links to the most commonly used browsers.