The sale – topic to circumstances, together with the satisfaction of competitors and regulatory our bodies – will see college students proceed to be taught by current school employees below Navitas possession.
The pathway applications will proceed to be recognised as qualification for admission to diploma degree examine by every college, the corporate famous.
Taylors School Sydney offers a pathway to the College of Sydney, Taylors School Auckland to College of Auckland and the ultimate college to College of Waikato.
“We’re very enthusiastic about at the moment’s announcement which consolidates our place because the area’s largest pathway supplier,” Scott Jones, group CEO, Navitas mentioned in an announcement.
“At the moment’s announcement consolidates our place because the area’s largest pathway supplier”
Navitas has 11 partnerships with universities in Australasia, together with with College of Canterbury in New Zealand, in addition to 15 in Europe and 7 in North America.
“We very a lot look ahead to welcoming these three faculties to the Navitas international neighborhood and dealing with these extremely revered college companions to help their internationalisation methods and in the end enhance entry to larger schooling for worldwide college students.
“Our precedence now could be guaranteeing that the transition of possession is as seamless as potential for the employees and college students on the faculties.”
Study Group and Navitas added that their groups are working intently with college companions and different stakeholders to facilitate a “seamless transition” for present and future college students.
Examine Group companions with greater than 50 universities worldwide. Non-public funding home Ardian acquired a majority stake within the schooling supplier from asset supervisor Windfall Fairness Companions in 2019.
Examine Group’s accounts up to December 31, 2021, present that whole annual turnover in Australia stood at £1.6 million (down from £2.6m in 2020) and in New Zealand £179,000 (down from £229,000 in 2020). That is in comparison with £20.5m within the UK for 2021, a fall from £22.3m the 12 months earlier than.
Corporations Home additionally shows that earlier CEO Emma Lancaster stepped down in 2022, however she stays a member of the Examine Group board.