July 1 (Reuters) – U.S. private equity firm Providence Equity Partners has acquired university programme provider Study Group from Australia’s CHAMP Private Equity for $570 million, the company said in a statement on Thursday.
Providence would buy the shares in Study Group owned by CHAMP and Petersen Investments, Study Group said in a statement.
Study Group International helps prepare students for university study in the United Kingdom, Australia and the United States, where it owns the Centre for English Studies chain of language schools.
(Reporting by Michael Smith, Editing by Narayanan Somasundaram)