M&A Deal Summary

TDR Capital Acquires BPP

On March 23, 2021, private equity firm TDR Capital acquired education company BPP from Apollo Global

Acquisition Highlights
  • This is TDR Capital’s 1st transaction in the Education sector.
  • This is TDR Capital’s 14th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-03-23
Target BPP
Sector Education
Buyer(s) TDR Capital
Sellers(s) Apollo Global
Deal Type Divestiture

Target

BPP

London, United Kingdom
BPP Holdings provides education and training in law, business, finance, accountancy, banking, technology and nursing both through relationships with corporates and directly to consumers across test preparation, university, apprenticeship and professional development. BPP Holdings was formed in 1976 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

TDR Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 15.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

TDR Capital is a private equity firm that targets large companies valued from €300 million to €1.5 billion. TDR has a particular interest in under-managed, under-invested or misunderstood companies which may be transformed through greater strategic and operational focus. TDR is sector agnostic, however the Firm has a preference for opportunities in the leisure/hospitality, financial services, and business services sectors. TDR Capital was formed in 2002 and is based in London.


DEAL STATS #
Overall 26 of 32
Sector: Education M&A 1 of 1
Type: Divestiture M&A Deals 8 of 8
Country: United Kingdom M&A 14 of 18
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 Asda

Leeds, United Kingdom

Asda is a grocery retailer with an omni-channel, multi format food and non-food offerings. The company operates a significant store estate across over 600 sites in the UK, with its core focus being the operation of edge-of-town superstores with an average surface area of over 4,000 square metres. The food and non-food offer are focused on everyday affordable pricing, targeting a broad customer demographic. Asda was founded in 1949 and is based in Leeds, United Kingdom.

Buy £6.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-27 Modulaire Group

London, United Kingdom

Modulaire Group creates smart spaces for people to live, work, and learn. Modulaire Group has operations in 25 countries with approximately 250,000 modular space and portable storage units and 3,400 remote accommodations rooms. Modulaire Group operates as Algeco in Europe and Scandinavia, Elliott in the United Kingdom, BUKO Huisvesting, BUKO Bouw & Winkels, and BUKO Bouwsystemen in The Netherlands, Ausco in Australia, Portacom in New Zealand, and Algeco Chengdong in China. Modulaire Group is based in London, United Kingdom.

Sell $5.0B

Seller(S) 1

SELLER

Apollo Global

Chicago, Illinois, United States

Category Company
Founded 2007
Sector Education
DESCRIPTION

Apollo Global intends to make a range of investments in the international education services sector. Apollo Global will target investments and partnerships primarily in countries outside the US with attractive demographic and economic growth characteristics.


DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-20 Milpark Education

Cape Town,, South Africa

Milpark Education was one of the first private providers of higher management education in South Africa and is a provider of Higher Education and Further Education and Training qualifications.

Buy R265M