Curro adds Cooper to its school bag
The Randburg-based college is the newest addition to the education group as it aims to enlarge its geographical footprint in Gauteng and Africa
PSG-controlled private education specialist Curro has hit the acquisition trail in SA again. On Tuesday, it announced the purchase of Cooper College along with related business Magic Beings Crèche for an undisclosed sum. The acquisition is not surprising since Curro hinted at acquisitions recently. After the release in February of the results for the year to end-December, Curro Holdings CEO Andries Greyling reiterated that strategic acquisitions at competitive prices were continuously considered in addition to the company’s greenfield expansion programme. Although Curro acquired Woodhill College, Grantleigh and Waterstone College not long after listing in 2011, in the past five years the company has concentrated on rolling out greenfields schools around SA. At the end of December 2017 it had 50,000 pupils across 138 schools on 59 campuses. During financial 2017, more than R1.1bn was invested in the schools business, most notably R324m on new schools and campuses and R652m in the exp...
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