Levine Leichtman backs MBO of UK education provider MPW

US private equity group Levine Leichtman Capital Partners (LLCP) has made its first European platform investment, teaming up with the management of UK-based Mander Portman Woodward Limited (MPW) to buy out the company.

The business was previously owned by Apollo Global Inc, a unit of US private education provider Apollo Group Inc (NASDAQ:APOL). No information on financial terms was included in the announcement.

MPW is headquartered in London and specialises in educational courses for UK and foreign secondary school graduates looking to continue their education at well-known UK universities. Its services are used by more than 900 students every year and the courses are conducted at MPW’s campuses in London, Cambridge and Birmingham.

Lauren Leichtman, who co-founded LLCP and serves as its chief executive, said that MPW was the UK leader in its field and had built an outstanding reputation for the quality of its services and the success rate of its students.

MPW is a company with a strong record of growth and profitability and LLCP is eager to participate in the next phase of its development, working closely with MPW’s chief executive Nigel Stout and his team of senior managers, Leichtman added.

Stout said that MPW’s leadership was very excited about having as partner a company of LLCP’s calibre and would benefit greatly from its knowledge and long experience. With the strategic, financial and deal-making expertise of LLCP behind it, MWP expects to make the most of future growth opportunities, Stout said.