Private-education conglomerate Advtech is seeing acquisition opportunities in the tertiary space, but is determined not to overpay for assets. Advtech chalked up another impressive performance from its tertiary division in the year to end-December, a showing that overshadowed the private schools segment, which has traditionally been viewed as the company’s main profit centre. Results released on Tuesday showed the tertiary segment, which is anchored around brands such as Varsity College and Rosebank College as well as other specialised offerings, reported revenue up 26% to R1.58bn. A fattening of the margin to 20% — previously 18% — meant a 44% hike in operating profit to R321m. Advtech CEO Roy Douglas said the group had increased the tertiary division’s offerings to include 165 accredited tertiary courses. These include vocational training, higher certificates, degrees, honours degrees, masters degrees and PHD programmes. He said the success of the "blended learning" model at Roseb...
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