UNQUOTE

UK - Sovereign wins auction for WCLS

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Sovereign Capital has won the auction to buy educational firm World Class Learning Schools (WCLS) for approximately $75m, according to press reports.

WCLS owns the British Schools of America chain, offers learning-based products and also runs a company offering support programmes to teachers and schools of under-12 year olds. WCLS is reported to have risen its pre-tax profits by more than five times from 2005/06 to 2006/07.
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