Intueri buys out 50% stake in Online Courses Australia

Tue, 16 Dec 2014

By Suze Metherell Dec. 17 (BusinessDesk) - Intueri Education Group, New Zealand's largest private training college, will buy the remaining half of Online Courses Australia Group that it doesn't own for an initial payment of $14 million and the remainder based on next year's earnings. The total acquisition price will be 5.75 times the Australian online educator's 2015 earnings before interest, tax, depreciation and amortisation and will be funded from the Auckland-based company's debt facilities, it said in a statement. Intueri acquired it...

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