Private equity funds improve growth and performance of privately owned businesses

摘要

ACG owns and operates 15 premium education providers encompassing early childhood, schools and tertiary colleges in New Zealand and schools in Vietnam and Indonesia. ACG educates -9,000 students and directly employs ~1,200 staff across 35 campuses in 10 cities. Since the establishment of its first school 20 years ago, ACG has grown from a single domestic and international school operator to an educational specialist diversified across the educational sector by age, type of education and geography. Waterman Capital invested in ACG in January 2013. During the period of its investment, ACG more than doubled revenue and earnings through a combination of organic and acquisition growth. Growth initiatives during the period included opening a new school in Tauranga, the acquisition of the ACG Strathallan College operating entity, the merger of ACG's two existing schools in Vietnam and a significant push into the tertiary space through four separate acquisitions of leading vocational training organisations. Following a direct approach, ACG was acquired by Pacific Equity Partners in April 2016.