INTO University Partnerships, the global education partnering organisation, has announced an equity investment from Leeds Equity Partners of £66m in the group for a 25 per cent stake in the business.
This investment completes the first stage of INTO’s funding plans, which are aimed at providing universities with access to significant external capital to fund innovation and capacity building in the higher education sector.
INTO plans to continue on developing its infrastructure portfolio, (which has a current investment value in excess of £200m) with a view to seeding an infrastructure fund focused on supporting major higher education initiatives in the United Kingdom, North America and Asia.
This investment marks a milestone in INTO's global growth strategy, defined in its manifesto, which outlines the role the private sector can play in enabling universities to access resources, expertise and capital through carefully designed public-private partnerships.
New York-based Leeds Equity Partners is a firm that invests exclusively in the education, training and information and business services sectors. It has made a significant investment in the company, citing its shared vision of the global expansion of university led public-private partnerships.
Andrew Colin, INTO's Chairman said, "I am delighted to confirm today that we have secured this significant new funding to support the continued development of public-private partnerships. Today's higher education marketplace continues to face significant challenges driven by increasing budgetary constraints. Through public-private partnerships, there is a unique opportunity to meet the evolving and increasingly complex needs of universities and their students. In particular, our goal is to transform higher education capacity, increase access for well-qualified students, and drive global brand awareness by enhancing cultural diversity, all while delivering impressive outcomes for all stakeholders."
Andrew Colin also said, "We are thrilled to welcome Leeds Equity as our investor and partner and appreciate this strong vote of confidence in both our team and business model. There is a powerful cultural fit between our two organisations. Throughout our discussions, I was particularly impressed with their commitment to our vision. We look forward to leveraging their expertise, strategic insight and resources as we continue to innovate and grow."
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