Navitas to acquire three Study Group interests in NZ and Aus

The sale – subject to circumstances, including the gratification of level of competition and regulatory bodies – will see students continue on to be taught by existing university workers under Navitas ownership.

The pathway packages will keep on to be recognised as qualification for admission to degree amount review by every university, the company observed.

Taylors Faculty Sydney offers a pathway to the University of Sydney, Taylors School Auckland to University of Auckland and the closing faculty to University of Waikato.

“We are quite energized about today’s announcement which consolidates our placement as the region’s greatest pathway company,” Scott Jones, group CEO, Navitas said in a statement.

“Today’s announcement consolidates our position as the region’s biggest pathway provider”

Navitas has 11 partnerships with universities in Australasia, which includes with College of Canterbury in New Zealand, as perfectly as 15 in Europe and 7 in North America.

“We really a great deal search ahead to welcoming these 3 schools to the Navitas world-wide group and doing work with these really respected college partners to support their internationalisation tactics and ultimately maximize access to greater schooling for global learners.

“Our priority now is guaranteeing that the changeover of ownership is as seamless as probable for the staff members and pupils at the faculties.”

Analyze Group and Navitas additional that their teams are working carefully with college associates and other stakeholders to aid a “seamless transition” for current and foreseeable future college students.

Examine Team companions with more than 50 universities throughout the world. Private investment decision house Ardian acquired a majority stake in the schooling provider from asset manager Providence Fairness Associates in 2019.

Study Group’s accounts up to December 31, 2021, display that overall yearly turnover in Australia stood at £1.6 million (down from £2.6m in 2020) and in New Zealand £179,000 (down from £229,000 in 2020). This is as opposed to £20.5m in the British isles for 2021, a tumble from £22.3m the calendar year prior to.

Corporations Home also shows that former CEO Emma Lancaster is no lengthier stated as a director at the corporation as of September 1, 2022.

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