Sovereign Capital has won the auction to buy educational firm World Class Learning Schools (WCLS) for approximately $75m, according to press reports.
Gyrus is fundraising for both its open-ended Cortex Fund and closed-ended Principal Fund
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions
Investment is expected to support the company's growth and international expansion