![]() |
|
Pearson's Chinese takeaway
Information provider Pearson is moving into the thriving English-language market in China with the acquisition of two independent school chains: Learning Education Center (LEC) and Dell English.
With more Chinese aspiring to speak English fluently, the international education and information company has snapped up an 80 per cent stake in LEC, a chain of 17 English language schools in Shanghai, for an undisclosed sum.
Pearson also scooped a 50 per cent shareholding in Dell English, which has more than 20 schools in Beijing, for undisclosed terms. Further investment from Pearson is expected over the next three years, which will take its stake to 70 per cent.
LEC and Dell English, which cater to five to 12-year-old budding English speakers in Shanghai and 15 to 35 year-olds in Beijing, will operate under the ‘Learning’ brand. The two English language schools generated sales of some $10 million (£5 million) in 2007 and gross assets totalled $6.2 million (£3.1 million) at the end of 2007.
Marjorie Scardino, Pearson chief executive, said she plans to support the development of both schools by investing in teacher development programmes, assessment services and interactive digital learning programmes.

Other M&A Deals
- British team buys TelecomFM Oct 24 2008
- Resaca returns to Texas
with AIM cash Jul 17 2008 - Destiny gets £4.8m injection Dec 03 2008
- Commoditrade takes control of AMCO Dec 01 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A News
- YFM backs training programme for golfers Dec 04 2008
- Biomonitor buys Neutekbio gene technology firm Dec 04 2008
- UK top EU dealmaker by volume Dec 03 2008
- Marfin Investment buys Flight Ambulance stake Dec 03 2008
- Corporates idealistic about M&A Dec 02 2008
M & A Events
- Quoted Company Awards 2009 28th January
- The Canaccord Adams Media Magnate Awards 26th March
- Rosenblatt New Energy Awards 2009 27th February
- M&A Awards 2009 18th February
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
