September 1, 2015 / 10:33 AM / in 2 years

UPDATE 1-EQT confirms plans to sell education firm Academedia, eyes IPO

(Adds comments from EQT)

STOCKHOLM, Sept 1 (Reuters) - Private equity firm EQT has decided to sell Swedish education company Academedia with a market listing a leading option, an EQT spokeswoman said on Tuesday.

"EQT is considering various options for the next owner of Academedia," Kerstin Danasten, head of press at EQT, said, confirming a report on Tuesday from Swedish daily Dagens Nyheter.

"The main option now is to list Academedia."

She said EQT was in no hurry to sell Academedia and that a sale could take place sometime during 2016.

Academedia had revenue of 6.4 billion Swedish crowns ($759 million) in fiscal 2013/14, and over 90,000 children and adults enrolled in education programmes.

($1 = 8.4371 Swedish crowns)

Reporting by Olof Swahnberg; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below