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M&A Deal Summary

Advtech Acquires Maravest Group

On November 27, 2014, Advtech acquired education company Maravest Group for 41M USD

Acquisition Highlights
  • This is Advtech’s 1st transaction in the Education sector.
  • This is Advtech’s largest (disclosed) transaction.
  • This is Advtech’s 1st transaction in South Africa.

M&A Deal Summary
Date 2014-11-27
Target Maravest Group
Sector Education
Buyer(s) Advtech
Deal Type Add-on Acquisition
Deal Value 41M USD

Target

Maravest Group

Roodepoort, South Africa
Maravest Group operates pre-primary, primary, and high schools in South Africa and internationally.

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Buyer(S) 1

Buyer

Advtech

Sandton, South Africa
Category Company
Founded 1978
Sector Education
Employees7,853
Revenue 8.5B ZAR (2024)
DESCRIPTION

Advtech provides education and staff placement services. Advtech was founded in 1978 and is based in Sandton, South Africa.

DEAL STATS #
Overall 1 of 6
Sector: Education M&A 1 of 6
Type: Add-on Acquisition M&A Deals 1 of 6
Country: South Africa M&A 1 of 3
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-22 Oxbridge Academy

Stellenbosch, South Africa

Oxbridge Academy is a provider of distance learning courses in accounting, administration, bookkeeping, business, childhood development, health and wellness.

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