ACT - The Association of Christian Teachers

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Education group sale.

Education group sale.

One of Britain's biggest privately owned education groups has picked banks to lead a £2bn auction amid booming investor appetite for the sector.

 

Sky News has learnt that the owners of Cognita, which operates 40 schools across the UK and dozens more overseas, has asked Goldman Sachs and Barclays to oversee a sale of the company later this year.

The auction is expected to generate huge returns to KKR and EMK Capital, the two private equity backers of Cognita.

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