Business Services Industry
Bure Equity AB acquires two school operators in Sweden
Nordic Business Report, Oct 10, 2006
NORDIC BUSINESS REPORT-10 October 2006-Bure Equity AB acquires two school operators in Sweden(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish private equity investor Bure Equity AB said on Tuesday (10 October) that it has agreed to acquire private school operators GTU IT Gymnasier AB and Framtidsgymnasiet i Goteborg AB.
Bure Equity is acquiring the companies from GTU Sverige AB for a total of SEK80m.
GTU IT Gymnasier operates six independent upper secondary schools (gymnasiums) with a total of 1,690 students and 150 employees, while Framtidsgymnasiet operates one school with 216 students and 15 staff.
The schools are expected to achieve a combined turnover of SEK160m in 2006.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
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