Albion’s Radnor House acquires Combe Bank
Albion Ventures has injected a further £9.5m into Radnor House School to fund the acquisition of Kent-based Combe Bank School.
Combe Bank will be modelled on Radnor House. The investment will be used to develop the site, modernise existing facilities and provide new facilities where necessary.
Albion stated it plans to build an independent schools group and is looking for further investment opportunities.
Previous funding
In October 2010, Albion provided £8.7m to set up fee-paying Radnor House School in Twickenham. The funding was mainly used to acquire the site and pay for the building's conversion.
Since opening in September 2011, the school's intake has increased to 360 and will be at capacity of 420 in September 2015.
Company
Located in Sundridge, Combe Bank became an independent girls' school in the 1920s, admitting boys for the first time in September 2014. It currently has 235 pupils aged 3–18.
People
Emil Gigov is a partner at Albion Ventures. David Paton is headmaster at Radnor House. Julie Tricks is the current head of Combe Bank.
More on UK / Ireland
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater