CHAMP buys £72m Study Group International

CHAMP Private Equity and Petersen Investments, two Australian private equity firms, have bought Study Group International, a language courses business, from Daily Mail & General Trust.

CHAMP Private Equity, an Australian buyout firm, has bought Study Group International, an English language and academic courses business, from Daily Mail & General Trust, a UK media group.
 
The buyout firm partnered with Petersen Investments, an Australian private equity and property investment firm, to acquire Study Group International in a £72 million (€105 million) acquisition.
 
Arvid Petersen, head of Petersen Investments, previously ran Study Group Australia before selling the business to Daily Mail and General Trust in 2004.
 
Study Group International provides English language and academic preparation courses to students in colleges in the UK, Australia, Canada, New Zealand and the US. In the year ended September 2005, the company’s revenues were £95 million.
 
CHAMP Private Equity was formed in 2000 as a joint venture between Castle Harlan, a New York buyout firm, and Australian Mezzanine Investments. The firm raised A$950 million (€566 million) for its second buyout fund, CHAMP II, last August.