Private equity giant TDR Capital looks set to snap up law school
BPP University is reportedly on the cusp of being sold.
The website EducationInvestor Global reports that Asda-owning TDR Capital is in “advanced discussions” about snapping up BPP University and that a deal could be clinched “within weeks”, according to its sources. BPP declined to comment.
Like its major rival, The University of Law, BPP University and its law school is a private, for-profit institution owned by investors.
The ownership of BPP University proceeds up a chain of companies culminating in Apollo Global Management, a US-headquartered investment management and private equity outfit, according to records at Companies House.
BPP last changed hands in 2009 for $607 million (then £373 million) but a reported sale attempt in 2019 was abandoned after no buyer came through. Apollo Global has $455 billion (£324 billion) under management.
TDR Capital owns a host of companies in the UK and beyond, including David Lloyd Leisure, Stonegate Pubs and half of the EG Group of petrol stations. It recently formed part of a consortium that bought Asda from Walmart, subject to clearance from the competition watchdog.
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