SWEDEN - Axcel takes 90% stake in John Bauer Organization

JBO was founded in Jönköping in 1999, when the first John Bauer School was established. The organisation now operates private upper secondary schools in 29 locations in Sweden with a total of about 10,000 students and 1,000 employees. In 2007, turnover totalled at SEK 757m.

The Swedish government started subsidising privately owned schools in 1994, and today 800 independent schools make up 20% of the Swedish school market. The JBO schools specialize in vocational education and training such as IT, media, entrepreneurship, health and physical, hotel and restaurant. The investor has appointed former Proffice director, Alf Johansson as chairman of the board, and will in the long-run aim for international expansion of the operations .

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