CHAMP Private Equity’s education provider Study Group has signed a deal with Providence Equity Partners, ending one of the biggest guessing games in town.įinal bids were due tomorrow but with Bain Capital, Apollo Global (the joint venture between Carlyle Group and Apollo Group) and Kaplan Professional falling by the wayside at this late stage of the dual-track process, Providence was left in pole position.Ī price-tag of $600 million has been bandied about for Study Group, which specialises in providing university access and English language programs through a network of colleges.
