UK teaching firm rebuffs takeover approach

Training firm Nord Anglia Education today said it had rejected a £179.5m (€224m) private equity approach for the company.

Bid suitor Baring Private Equity Asia put forward the 450p-a-share proposal as it is said to be eyeing the healthy growth prospects for Nord’s international schools in emerging markets such as China.

Nord’s overseas schools offer a British-style education delivered mostly by fully qualified, British educated teachers.

The Burton-upon-Trent firm said it did not believe the approach “reflects the strong growth prospects of the company”.