The Nasdaq-listed education affiliate of China’s third largest property developer by sales, Foshan-based Country Garden, has agreed to buy a private high school operator in the U.K. for £150 million, reports Caixin Global.
Bright Scholar Education Holdings Ltd, which operates K-12 international and bilingual schools in China, is to acquire CATS Colleges Division from Cambridge Education Group.
CATS operates private high schools mainly catering to international students. It has seven campuses globally, including one in Shanghai. Its net revenue was approximately £89 million in 2018. Bright Scholar currently has a network of 62 schools throughout China with more than 42,000 students since establishing its first Country Garden School in Foshan’s Shunde.