PE-backed CIBT gets overseas investor in student housing project
Canadian education management company CIBT Education Group Inc (TSX: MBA) has received an undisclosed overseas investment in its serviced apartments project, a Vancouver-based property bought earlier in May for $44 million. CIBT has been appointed manager of the project, which is focused on providing affordable student housing. Founded in 1994, the company 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.
29 May 2014•4 mins read
