Indicative Investments
Business services

Cambridge Education Group Ltd

Headquarters: Cambridge, UK
Business: Provider of educational services

Cambridge Education Group Ltd, is a leading provider of pre-university education offering high school programmes, university preparation, full degree programmes as well as year-round adult English Language courses. Having identified the opportunity to build CEG into an international education brand Palamon acquired the business in 2007 directly from its founders. Following investment, Palamon broadened the management team and provided the company with sufficient capital to significantly enlarge the overseas marketing capability, increase teaching capacity, expand geographic footprint and acquire other school groups. By 2013, CEG had expanded its operations from two to four campuses located in Cambridge, Canterbury, London and Boston (USA). In addition, the Group had established new on-campus University Foundation Programmes run in partnership with more than 18 universities across the UK, USA and mainland Europe. As a result, under Palamon's ownership student numbers grew from 460 to more than 3,000, driving a five-fold increase in revenues to approximately £90 million. CEG was sold in December 2013 for £185 million resulting in overall investment returns of 14.6x invested capital and an IRR of 58%