Sovereign invests in Greenwich School of Management

The investor was attracted by the firm's reputation as a private education supplier in London. It will work with GSoM's management to develop the firm into a multi-site higher education group with strong employer links.

The deal value was not diclosed, but reports suggest around £20m of funding is to be made available.

The education provider has seen its student enrolment numbers double between 2007 and 2010.

Additional financing for the transaction was provided by Lloyds Bank Corporate Markets Acquisition Finance, while Sovereign has provided additional capital to support a buy & build strategy.

Company
GSoM is based in Greenwich, London, and is a private sector provider of university-accredited Bachelors, Masters and Doctorial programmes for business, law and management. It was founded in 1973 and has 1,500 students.

People
Mark Williams, investment director, worked on the deal for Sovereign Capital

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• Topics
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• UK / Ireland
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• Sovereign Capital