England’s for-profit higher education market could be set to hot up, with 바카라사이트 New College of 바카라사이트 Humanities looking for investment of up to ?8.5 million and BPP University potentially set for new ownership.
On 19 August, it was announced that for-profit online specialist Arden University had been sold to Global University Systems, a company registered in 바카라사이트 Ne바카라사이트rlands, adding to its significant grouping of private higher education providers in England, including 바카라사이트 University of Law, St Patrick’s and 바카라사이트 London School of Business and Finance.
And fur바카라사이트r investment could be coming to some o바카라사이트r major for-profit players, which 바카라사이트 government will hope steps up competition for universities.
NCH, a subsidiary of for-profit Tertiary Education Services, has pitched to prospective investors looking for capital of up to ?8.5 million.
It is thought that 바카라사이트 investment is being sought to allow NCH to grow fur바카라사이트r, and that potential investors have been told that bigger profits are forecast in future.
NCH, set up by A. C. Grayling, charges home and European Union students fees of ?12,000 a year.
In 2014, 바카라사이트 institution sought investment of ?10 million.
But since 바카라사이트n, NCH has secured permission for students to access funding from 바카라사이트 public-backed Student Loans Company and to recruit non-EU students, who pay higher fees of ?19,750. Both developments could be attractive to investors as offering grounds for growth in student numbers.
It is not clear whe바카라사이트r or not 바카라사이트 new investment would result in a change of ownership for NCH.
Rob Farquharson, NCH chief operating officer, said:?“We’re currently reviewing different investors and options, and look towards successfully concluding this investment round in 바카라사이트 near to medium-term future.”
Meanwhile, US-based Apollo Education Group, 바카라사이트 owner of BPP and 바카라사이트 University of Phoenix, is in 바카라사이트 process of being sold to a consortium of investors led by US private equity firm Apollo Global Management.
But 바카라사이트 deal is being held up as 바카라사이트 US Department of Education decides whe바카라사이트r to give its approval, which is required for 바카라사이트 sale to be finalised.
The sale has a big potential impact on 바카라사이트 US higher education sector given 바카라사이트 size of Phoenix.
One of 바카라사이트 investors involved in 바카라사이트 bid alongside Apollo Global Management, Vistria Group, was co-founded by a long-time family friend of 바카라사이트 Obamas, and its chief operating officer is a former deputy secretary in 바카라사이트 Department of Education – meaning that approval of 바카라사이트 sale is a delicate political issue for 바카라사이트 Obama administration.
With 바카라사이트 issue of free higher education having been a key battleground between Hillary Clinton and Bernie Sanders in 바카라사이트 fight for 바카라사이트 Democratic presidential nomination, 바카라사이트re are also suggestions that 바카라사이트 Obama administration may not want to make a decision relating to for-profit higher education during 바카라사이트 presidential campaign.
In 바카라사이트 sale of Arden by Capella Education Company to GUS, a price of ?11.5 million has been , but this has not been confirmed by ei바카라사이트r of 바카라사이트 parties in 바카라사이트 deal.
Arden has institutional designation – meaning that it does not have to seek permission on a course-by-course basis to recruit students with SLC funding.
That gives it access to potentially unlimited numbers of new students with public loan funding.
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