PEP seeking payday from a decade with UP Education

UP Education CEO Mark Rushworth cut his corporate leadership teeth at the internet provider ihug. (Image: NZME)

Wed, 23 Apr 2025

Australasia’s largest private vocational and skills training provider, Auckland-based UP Education, is being measured up for possible sale in a strategic review that follows a decade of investment by Sydney-based Private Equity Partners.UP first attracted Private Equity Partners’ (PEP’s) attention in 2016. It is understood to have invested around A$525 million (NZ$561.6m at current exchange rates) into the business at the time and substantially more since.PEP is now starting to look for an exit from a business that has grown s...

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