1.1 C
Manchester
December 8, 2022
Image default
Business

South Africa: Exeo Capital buys Pearson Institute

(Ecofin Agency) – Exeo Capital, a pan-African alternative investment firm, and South African Stellenbosch Graduate Institute (SGI), which provides online educational content and learning programs for students and teachers, have jointly acquired the private higher education institution -Pearson Institute of Higher Education (Pihe).

The sale amount was not disclosed. The seller is Pearson, a company specializing in the provision of learning content to institutions and governments. The company acquired the Pearson Institute of Higher Education (formerly CTI Education Group) in 2010 through its company Longman Group Limited.

The sale will close in the first half of 2021 subject to obtaining the necessary regulatory approvals. Pearson said the sale of this asset is in line with its new strategic direction, which has been in place for several years, to focus on strategic opportunities.

Chamberline Moko

Source: https://www.ecofinagency.com/finance/1111-42043-south-africa-exeo-capital-buys-pearson-institute

Related posts

Vukile expects to declare a higher dividend

AfricaPost

Africa Renewable Energy Fund II secures €130 million first close with SEFA and CTF investments

AfricaPost

Here’s what will happen in SA if the US reverses abortion rights

AfricaPost