Mid-market buyout firm Sovereign Capital is reported to have hired Lincoln International to explore a possible sale of World Class Learning (WCL), a UK company that runs a chain of international schools in the US, in a sale that could fetch over £200m.
The company is understood to have approached advisers after receiving an unsolicited takeover approach, the Sunday Times reported over the weekend.
WCL was founded in 1998 and teaches the children of expatriates, as well as locals seeking an English education. It teaches 5,000 students in several US cities, as well as in Qatar and Spain.
Sovereign bought the company in 2008 from a group of investors including Jon Moulton, the founder of UK turnaround specialist Better Capital.
Several deals have been completed in the education space in recent months, including Explore Learning, which was bought by mid-market peer Graphite Capital last month for about £30m.
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