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Welcome To HEG’s Inner Circle eNews
A Bi-Weekly Recap of Essential Reading For The Private School Sector
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Welcome to the 195th edition of HEG’s Inner Circle Private School eNews, where Halladay Education Group shares key insights into the latest investment activity shaping the global private education sector.
HEG MARKET INTELLIGENCE
The latest wave of transactions tells a consistent story: consolidation in private education is accelerating and spreading across more geographies and segments than ever. Established platforms are extending their reach, adding schools across Southeast Asia, the Middle East, Europe, and North America, while well-capitalized groups continue to fold single institutions into larger networks.
Two themes are worth watching. First, capital is moving decisively into education-adjacent services. Enrolment technology, admissions platforms, study-abroad providers, and AI-enabled student services are all attracting investment as buyers seek scalable, asset-light exposure to the sector's long-term growth. Second, strategic acquirers and private equity alike are building platforms rather than chasing one-off deals, rolling up complementary businesses to create genuinely defensible scale.
Cross-border activity stands out in particular. International school groups are pushing into high-demand markets, and investors are backing operators who can integrate well and rely on durable enrolment demand.
For owners, the signal is clear. Buyer appetite is strong, but the best valuations go to institutions with clean financials, defensible positioning, and a credible growth story. For buyers, this cycle rewards discipline. The firms that win will be the ones that scale intelligently and integrate with care.
If you're weighing a sale, merger, acquisition, or recapitalization in 2026, assess your positioning before the process starts. Let's schedule a confidential 30-minute call to benchmark your institution against current buyer criteria and identify the value drivers that shape valuation and deal certainty. Reach out for a discreet discussion. Reach out to us for a discreet discussion.
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1) REPUTABLE & PROFITABLE K-12 DAY & INTERNATIONAL BOARDING SCHOOL (EASTERN CANADA)
SIGNED LOI
Established co-ed school with 50+ years of history, 300+ students, and near-100% university placement. FY26F: $8.2M revenue / $2.0M adjusted EBITDAR. Well-located, multi-site urban campus with ~63% enrollment growth capacity. Buyer value: durable brand, outcomes-driven positioning, diversified delivery (day + boarding), and clear pathway to scale with measured capex and enrollment management. More Info
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2) NURSING & HEALTHCARE CAREER COLLEGE GROUP IN WESTERN CANADA
SIGNED LOI
Market-leading, multi-campus healthcare education platform. FY25 anchors at $14.5M in revenue and $3.4M in EBITDA (23% margin), scaling asset-light to $19.3M and $5.9M by FY27F (30% margin), demonstrating strong earnings momentum and growth visibility. Programs include Practical Nursing (LPN) and allied health. Underwriting rests on: (i) approved programs with domestic financial-eligibility status, (ii) defensible practicum access, and (iii) predominantly domestic tuition revenues. More Info
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3) MULTI-CAMPUS WESTERN CANADIAN HEALTH / WELLNESS / BEAUTY CAREER COLLEGE PLATFORM
Scaled multi-campus Western Canadian career college group with substantial healthcare exposure and FY26F projected EBITDA of about $2.6M on $6.6M of revenue. The platform combines domestic demand, practical employer-aligned training, and a capacity-ready multi-campus footprint that supports further margin expansion. Growth opportunities include adding cohorts, selective program expansion, pricing optimization, and increased utilization of clinics and salons. More Info.
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4) PREMIUM EUROPEAN SUMMER CAMP PLATFORM
Project Alpine: 50+ years, 350,000 alumni, and participants from 60 countries. FY26F: US$7.2M revenue / $1.2M EBITDA. Buyer value: brand equity, high-margin enrollments, multi-country programming, and repeat/cross-sell potential across channels. Growth levers include extended seasons, new locations, and structured partnerships. More Info
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5) U.S. FOR-PROFIT K-12 BUYER (VOUCHER/ESA STATES)
Global operator seeking acquisitions of for-profit day schools in voucher/ESA markets. Target: $500K–$5M EBITDA, strong academics, and clear growth. Flexible deal structures, including real estate options, are suitable for single sites or small groups. Priority: FL, TX, AZ, GA (plus IN, IA, OH, NC, UT, WV, AL, LA, OK, NH, TN). Confidential, founder-friendly, proven integration. More info
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6) PROFITABLE TRANSPORT CANADA–APPROVED FTU + AVIATION CAREER COLLEGE (WESTERN CANADA)
Scaled, asset-backed aviation training platform: Transport Canada–approved FTU within a provincially accredited career college with DLI and Student Aid eligibility. FY26F: $3.45M revenue, ~335 students, normalized EBITDA ~$910K (FY24–FY25F avg), expanding to ~$1.05M at 30%+ margins. Leased airside campus; 11-aircraft fleet (~$2.6M), simulator, and maintenance operations create a defensible regulatory/operating moat. More Info
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HEATHFIELD INTERNATIONAL SCHOOL OF BANGKOK
JOINS ISP
Established in 2007, HISB is a premier educational institution in Bangkok.
Read more
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PHOENIX ANNOUNCES PARTNERSHIP WITH MINERVA VIRTUAL ACADEMY
Its latest investment in Minerva Virtual Academy, the fastest growing school in the UK.
Read more
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FORFAR CONTINUES GREEK ODYSSEY
Forfar Education has agreed to acquire Pagkrition School on the island of Crete.
Read more
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NORD ANGLIA ACQUIRES SECOND SCHOOL IN MALAYSIA
Mont’Kiara International School will join the British International School of Kuala Lumpur.
Read more
ALIPH CAPITAL COMPLETES STRATEGIC INVESTMENT IN AL RAYAN MEDICAL COLLEGES
The completion of a strategic investment to advance medical education in the Kingdom of Saudi Arabia.
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PANGBOURNE COLLEGE TO JOIN MILL HILL EDUCATION GROUP IN CHARITABLE MERGER
Aims to secure the long-term future of the Berkshire-based school.
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CRIZAC TAKES 37% STAKE IN FOREIGNADMITS
The deal marks Crizac's latest move beyond student recruitment.
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UPPER WEST SIDE SCHOOL BUILDING TO SELL FOR $33 MILLION
An Upper West Side building that most recently served as home to a financially embattled private school.
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ACUMEN ACQUIRES EDUCOREPRO
Accelerate AI-Powered Transformation of Global Student Enrolment Services.
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EDUCATIONDYNAMICS ACQUIRES NET NATIVES
Creating a new growth partner for higher education.
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INFINEDI-OWNED CEA CAPA EDUCATION ABROAD ACQUIRES CIS ABROAD, CISAUSTRALIA, AND BARCELONA SAE
CIS is a leading provider of education abroad and career readiness programs for U.S. and Australian undergraduate students.
Read more
| | ABOUT HEG’S M&A ADVISORY SERVICES | | |
Halladay Education Group (HEG) is a premier M&A advisory firm specializing exclusively in the private education sector across North America and internationally. With over 30 years of experience, HEG has successfully led the sale, acquisition, and recapitalization of a diverse range of educational institutions, including K-12 private schools, boarding and Montessori schools, early childhood centers, ESL programs, career colleges, and higher education platforms.
We are a trusted advisor to private equity firms, institutional investors, operators, and family offices pursuing strategic growth, as well as school owners seeking full or partial exits. Backed by deep sector expertise, an extensive proprietary database of qualified buyers, and full-cycle transaction support, HEG has earned a reputation as one of the most active and respected firms in the field. To confidentially discuss your institution’s strategic options—whether a sale, merger, acquisition, or financing—and how emerging trends may impact your outlook, contact us at 1-800-687-1402. Please view our Corporate Brochure.
info@halladayeducationgroup.com | 1-800-687-1492 | www.buyingandsellingschools.com
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