Curro still on the hunt for acquisitions before year-end
The fast-expanding private education group eyes standalone schools to help boost its pupil numbers
Private-schools group Curro Holdings, which is in the throes of spinning off its fledgling tertiary interests into a separate listing, could still bag a couple of acquisitions before year-end. Speaking after the release of interim results to end-June, CEO Andries Greyling said a handful of potential deals were being investigated that could add meaningfully to pupil numbers. He was hopeful one or two deals could be brought to book before year-end. "We are seeing more and more standalone schools — some I was not even aware of — where we think we can do a deal at a fair price." Since listing in 2011, Curro has grown through a rapid expansion of its eponymous private school brand, but has also made selected acquisitions of standalone schools. Greyling said Curro had a good track record of markedly boosting profitability in schools it had acquired. At the end of June, Curro had 127 schools across 54 campuses with more than 47,000 pupils. The divisional breakdown showed 91 "developed scho...
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