Houlihan Lokey Advises August Equity

Houlihan Lokey is pleased to announce it has advised August Equity LLP on the sale of Minerva Education (Minerva) to Dukes Education Group (Dukes). The transaction closed on 28 September 2018.

Minerva owns and operates a premium group of strongly branded, independent K-12 schools in London and the South of England. August Equity is a London-based investment firm with over £400 million under management, focussed on service-oriented companies in high-growth sectors of the U.K. mid-market, including healthcare, education, business services, and technology. The firm typically works with family-owned or founder-managed businesses and through partnering closely with them and utilising their broad operating experience, August Equity helps companies drive sustainable and long-term growth.

Houlihan Lokey served as the exclusive financial advisor to August Equity on the sale of Minerva. This transaction highlights Houlihan Lokey's long-standing reputation and extensive track record within the global K-12 schools market, with other recent transactions including Kaplan's acquisition of Mander Portman Woodward,* Baring Private Equity and CPPIB's acquisition of Nord Anglia, and TA Associates' investment in Inspired.*

*Kaplan's acquisition of Mander Portman Woodward and TA Associates' investment in Inspired were announced as Quayle Munro prior to its acquisition by Houlihan Lokey to establish the Data & Analytics Group.