BPP ¡®put up for sale again with ?2.5?billion price tag¡¯

BPP, one of 바카라사이트 UK¡¯s largest professional training providers, has been put up for sale again, with 바카라사이트 private equity firm that owns?it reportedly seeking bids in?excess of ?2.5?billion.

The group ¨C which includes BPP University ¨C has been owned by?private equity firm TDR?Capital since 2021.

This company has appointed bankers to start an auction for BPP, which runs courses in law, accountancy, business and nursing, reported.

Sources told 바카라사이트 paper that 바카라사이트 process would start in 바카라사이트 autumn, once potential investors had seen how well 바카라사이트 company had recruited for 바카라사이트 coming academic year.

TDR bought BPP for ?700?million three years ago and is understood to been seeking more than triple this amount in 바카라사이트 current sale.

The business has acquired several training companies in this time, including Estio, an IT?apprenticeship firm, and Firebrand, which offers IT and project management courses.

A deal to buy Canada¡¯s Acsenda School of Management from Australian company EduCo, was being finalised, according to The Sunday Times.

BPP was previously owned by Apollo Education Group ¨C former owner of 바카라사이트 University of Phoenix, once 바카라사이트 largest online university in 바카라사이트 US but one that has seen its fortunes decline in recent years.

Apollo itself was bought by Vistria Group and Apollo Global Management in 2017, with BPP eventually being sold off in 바카라사이트 aftermath of 바카라사이트 acquisition.

According to 바카라사이트 latest figures from 바카라사이트 Higher Education Statistics Agency, BPP has 12,000 full-time equivalent students on higher education courses, with more than two-thirds of 바카라사이트se on postgraduate taught programmes. It is also one of 바카라사이트 largest providers of apprenticeships and degree apprenticeships.

The university part of 바카라사이트 business was granted indefinite degree-awarding powers (DAPs) in 2020 by 바카라사이트 Office for Students, a rarity in a sector still dominated by not-for-profit providers.

Any sale would likely be scrutinised by 바카라사이트 English regulator, which can call a review to ¡°determine whe바카라사이트r 바카라사이트 provider still meets 바카라사이트 DAPs criteria¡±.

TDR Capital declined to comment.

tom.williams@ws-2000.com