by Greg Parry | Aug 27, 2026 | School Investment
In March 2025 Nord Anglia Education changed hands at USD 14.5bn. It is the largest transaction in the history of international schooling and it sits at the top of every valuation range quoted in the sector, including the ranges GSE publishes in its International...
by Greg Parry | Jul 26, 2026 | School Investment
GSE School Investment Research Every figure labelled. Every source named. The open directory of international school sale prices, EBITDA and EV/EBITDA multiples compiled and verified by Global Services in Education. Core coverage runs from 2021 to 2026, with benchmark...
by Greg Parry | Jul 23, 2026 | School Investment
Baring Private Equity Asia took Nord Anglia private in 2008. Six schools, £190 million, 4.7 times EBITDA. Seventeen years later the same sponsor lineage is still there. The 2024 transaction that valued the business at $14.5 billion was not a sale in the ordinary...
by Greg Parry | Jul 15, 2026 | School Investment
A developer once offered a school two years at no rent at all. Not as a concession. Not because the negotiation had gone badly for them. They offered it because the school was worth more to their development than the rent they would have collected from it, and they...
by Greg Parry | Jul 12, 2026 | School Investment
Across the world, elite sport and elite education are converging, and investors are starting to notice. High-performance sports academies blend academic rigour with professional athletic training, creating a new kind of education asset: multiple revenue streams,...
by Greg Parry | Jul 12, 2026 | School Investment
Most education investors plan the launch in detail and leave the exit to sort itself out. That is backwards. The eventual buyer, and the price they will pay, should shape the model from day one. Whether the plan is a single school, a multi-country platform, or a real...
by Greg Parry | Jul 12, 2026 | School Investment
Investors who know real estate often assume a school building is just another commercial asset. It behaves differently. A well-let school is one of the stickiest tenancies in property: long leases, tenants that almost never move, and demand that holds up when other...
by Greg Parry | Jun 10, 2026 | School Investment
Plenty of international schools raise capital. Fewer raise it on good terms, and fewer still survive the diligence that follows. An investor-ready school closes one gap before any other. That gap is evidence. Founders walk into investor, board, or partner...
by Greg Parry | Apr 6, 2026 | School Investment
International school franchise: how it works and what to expect For investors, developers, and education operators considering franchise and management models in international school development. The term “international school franchise” gets used loosely....
by Greg Parry | Mar 26, 2026 | School Investment
Most valuation conversations open with the multiple. Eight times, twelve times, seventeen times. It gets negotiated hardest because it is the part everyone can see. It is the easiest part of the exercise. A multiple is arithmetic applied once the difficult question...
by Greg Parry | Mar 26, 2026 | School Investment
Private equity has been buying schools at institutional scale for a decade. KKR into Cognita, Baring Private Equity Asia and CPPIB taking Nord Anglia private at USD 4.3bn in 2017, the EQT-led consortium completing at USD 14.5bn in March 2025, OMERS Private Equity...
by Greg Parry | Mar 20, 2026 | School Investment
A school management contract decides who is accountable for the result. Everything else in it is detail. Most owners read it as a service agreement. Who does what, for how much, for how long. Read that way it gets negotiated like a procurement document, on price and...
by Greg Parry | Mar 20, 2026 | School Investment
Most people entering education investment assume the hard part is building the school. It rarely is. The campus goes up close to schedule far more often than the school inside it performs. The distance between a finished building and a school that fills its seats,...
by Greg Parry | Mar 20, 2026 | School Investment
How to Start a School Business: A Guide for Investors and Developers Starting a school is one of the most complex and rewarding business ventures an investor can undertake. Global demand for quality international education is growing, driven by expanding middle...
by Greg Parry | Mar 1, 2026 | School Investment
Education is widely regarded as a resilient, high-impact investment sector. Schools generate recurring revenue, serve essential community needs, and operate in markets where demand is often structurally undersupplied. Yet a significant proportion of new school...
by Greg Parry | Mar 1, 2026 | School Investment
If the management team is not trusted to manage, the solution is to replace them, not to govern around them. That sentence settles most governance arguments in schools, and almost every board that is in trouble has avoided it. The board that sits in on staffing...
by Greg Parry | Mar 1, 2026 | School Investment
One of the first questions investors and developers ask when exploring education projects is simple: what is the real cost of starting an international school? The answer is often misunderstood. Many new school projects underestimate the financial requirements because...
by Greg Parry | Feb 28, 2026 | School Investment
Setting up a new school is often described as a rewarding venture. It creates long-term social value, supports community development, and can deliver stable financial returns over time. Yet many school projects struggle to secure investment, even when the educational...
by Greg Parry | Feb 2, 2026 | School Investment
For school leaders, boards, and investors, understanding culture and well-being as an energy system is increasingly central to long-term performance and sustainability. Well-Being Is Not a Silo: What Schools Can Learn from Owen Eastwood and Belonging “When there are...
by Greg Parry | Feb 1, 2026 | School Investment
“This reflection is written for the school investor and partners who understand that the most enduring education projects are built through planning, humility, expertise, and patience.” Greg Parry Dear School Investor, I have worked with many people who...
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