M&A Deal Summary

Wey Education Acquires Academy 21

On December 27, 2017, Wey Education acquired education company Academy 21 for 2M GBP

Acquisition Highlights
  • This is Wey Education’s 1st transaction in the Education sector.
  • This is Wey Education’s largest (disclosed) transaction.
  • This is Wey Education’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-12-27
Target Academy 21
Sector Education
Buyer(s) Wey Education
Deal Type Add-on Acquisition
Deal Value 2M GBP

Target

Academy 21

Stevenage, United Kingdom
Academy 21 Ltd. is an online educational business that provides a range of Key Stage 3, GCSE and iGCSE programmes to pupils who have been referred by local authorities and schools across the UK. Its customers tend to engage A21's services for short periods of approximately six weeks, which may be extended or repeated, in contrast to typical students of Wey's principal school, InterHigh, who tend to be at InterHigh for several years. As such, the A21 business complements Wey's existing business giving access to short term tuition teaching which can extend the Wey customer base.

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Buyer(S) 1

Buyer

Wey Education

London, United Kingdom
Category Company
Founded 2007
Sector Education
Employees110
Revenue 8M GBP (2020)
DESCRIPTION

Wey Education is a holding company of an educational group providing services online worldwide. Using state-of-the-art digital technology, Wey operates two main divisions –InterHigh, a non-selective fee-paying secondary school, established in 2005 and a pioneer in online education, and a B2B division serving other educational companies and schools – Wey academy. Wey also has two developing schools – an online language school teaching English as a Foreign Language, Quoralexis, and a premium fee paying online school offering a selective education, Infinity Education. Wey Education was founded in 2007 and is based in London, the United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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