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17 September 2012 | Education | Sovereign Capital Partners LLP

Sovereign Capital buys Duff Miller, Lansdowne College and Chelsea Independent College

Sovereign Capital, the UK private equity buy and build specialist, has announced the purchase of three independent sixth form colleges in Central London.

The three colleges, which were previously owned by Mr. Hugh Templeton, Bahamas registered Winsland Enterprises Ltd (which owned around 33% of each college) and other shareholders, are rumoured to have been acquired at an enterprise value of £30m. The colleges, which educate 750 students aged from 16 to 18 years old, include Duff Miller in South Kensington, Lansdowne College in Bayswater and Chelsea Independent College in Fulham.

Michael Needley, a Partner at Sovereign Capital said, “There are many opportunities for growth which include: establishing new schools across the country, expanding into primary and secondary provision and serving the international pupil market both in the UK and abroad. We plan to build the group through organic and acquisitive growth”.

Additional finance for the transaction was provided by Lloyds and Sovereign will commit further funds to support the buy and build strategy.

Sovereign Capital has made twenty acquisitions in the education and training space since 2002 investing an aggregate of £230m.

Comment:

​For a full analysis please see our research report on the Sixth Form College market

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