Advtech strengthens tertiary education sector position with 2 acquisitions

Listed private education company ADvTECH reported its interim results for the first six months of the year last week. As part of the announcement, the South African-headquartered company revealed that it has made two acquisitions during the period – a full buyout of Capsicum Culinary School and a stake in distance learning specialist Oxbridge Academy. No financial details for either deal were disclosed. In July, the IFC announced that it had spent $22 million for a 4% stake via a private placement, making it the fifth largest shareholder in the company behind Visio Capital, Coronation Fund Managers, Old Mutual and the Public Investment Corporation.

Read more at Business Day…


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