Simpson Grierson advises Archer Capital on Aspire2

Simpson Grierson advises Archer Capital on the establishment of Aspire2

Simpson Grierson advised Australian private equity firm Archer Capital on the establishment of a new industry leading education business called Aspire2, formed through the acquisition of five New Zealand based private education businesses.

The group will initially comprise twelve private training establishments that deliver a range of vocational programmes, courses and training for international and domestic students as well as New Zealand businesses.

Aspire2 will be New Zealand’s largest private provider of vocational education to international students and a leading provider of vocational education to domestic students and clients.

It will also be the largest private provider of safety training and workplace communication training in New Zealand. The five private education businesses that comprise Aspire2 will retain their existing brands and are Cornerstone – NZ Tertiary Education Group, Ntec – National Tertiary Education Consortium, Queens Academic Group, Safety ‘n Action, and Solomon Group.

The transaction involved six contemporaneous acquisitions (each substantial in its own right) together with complex funding arrangements.

ENDS

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