| Abstrakt: |
Neuberger Berman, a U.S. asset manager, is close to finalizing a deal to purchase a minority stake in Nord Anglia Education, an international-school operator, for a valuation of $15 billion. The stake would be acquired from Nord Anglia's existing shareholders, including EQT and Canada Pension Plan Investment Board. Nord Anglia operates over 80 international day and boarding schools across 30 countries, including 11 schools in the U.S. with annual tuition fees ranging from $8,600 to almost $70,000. The deal would provide Neuberger Berman with a consistent source of income and exposure to the growth of the education market. [Extracted from the article] |
