Partners buys into education provider

Swiss alternatives firm Partners Group has inked two co-investments with Asian GPs this week, the latest being with Baring Private Equity Asia.

Baring Private Equity Asia has syndicated a portion of the equity in Nord Anglia Education, an international operator of schools and training programmes, to its LP Partners Group.

Partners joins other LPs in the investment, such as fund of funds group Pantheon, which first invested in Nord Anglia in 2008.

This is the second co-investment to be unveiled by Partners Group this week. The firm has been upping the pace of its direct investment activity over the last two years and in 2010 closed a €650 million fund to make both propriety direct investments and co-investments alongside its managers.

BPEA took Nord Anglia private in a $360 million deal in 2008. The group operates education facilities ranging from kindergartens to secondary schools in eight cities across Europe, the Middle East and Asia, currently teaching more than 6000 students. Christoph Rubeli, a partner in Partners Group’s private equity team described the education sector as “displaying rapid growth in all regions around the globe, especially in the attractive emerging markets”, in a statement.

Financial details of Partners’ investment in Nord Anglia were not disclosed.

Earlier this week Partners sealed its first Korean investment, taking a stake in tire manufacturer Saehwa International Machinery. The investment was made alongside Korean private equity firm STIC Investments.