: find a big investor to anchor the continuation fund, housing an old asset, and roll the stake over.
It remains to be seen who’s interested in buying into UP. The business’ university pathways offering is a third or fourth tier player behind Australia’s Navitas, and has been shown to potential strategic buyers in the past. They left talks convinced that UP’s vocational training arm contributes by far the bulk of the group’s earnings.
co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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