PE-backed CIBT acquires more student housing property for $32.4 mln
Canadian education management company CIBT Education Group Inc (TSX: MBA) has signed a purchase and sale agreement with a local developer for three Vancouver properties earmarked for student housing. The transaction's value is $32.4 million. The deal follows a comparable $44 million acquisition completed last month. Founded in 1994, CIBT Education owns and operates a network of business, technical and language colleges. It has been a portfolio investment of U.S. private equity firm Camden Partners since 2007.
3 June 2014•4 mins read
