Australia's PEP agrees to buy Academic Colleges Group for undisclosed sum

Wed, 16 Sep 2015

By Suze Metherell Sept. 16 (BusinessDesk) - Pacific Equity Partners, the biggest private equity firm in Australia and New Zealand, has agreed to buy Academic Colleges Group, the Auckland-based private educator, for an undisclosed sum. ACG confirmed the sale following Australian media reports earlier this week that a sale of the education provider was underway. Last month the Australian Financial Review reported the price tag was about $530 million. The acquisition is subject to regulatory and other approvals, and is expected to be fi...

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