Deals
EQT Taps Banks for $15 Billion Exit of School Chain Nord Anglia
- Company’s owners considering options including sale, listing
- Nord Anglia working with Goldman, JPMorgan and Morgan Stanley
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Nord Anglia’s owners have selected banks to advise them on a potential exit from their investment in the international school operator, people with knowledge of the matter said.
The company’s major shareholders — EQT AB and Canada Pension Plan Investment Board — plan to work with Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley as they explore strategic options including a sale or listing, according to the people. EQT and CPPIB are considering seeking a valuation of around $15 billion for Nord Anglia, the people said.