Global education player buys Colchester prep school
Holmwood House School, Colchester, has been sold by Prowting Family Concerns (PFC) to Bellevue Education for an undisclosed sum.
The preparatory school, for children aged four to 13, has circa 300 pupils and was founded in 1922 'to develop the individuality and abilities of each child’.
PwC worked closely with PFC as lead adviser in the sale to Bellevue Education, which operates a world-class group of schools across the UK, Europe and the Middle East.
PwC’s Nicholas Stern (pictured) said: “We’re delighted that this collaborative transaction has provided such a mutually beneficial result for both the buyer and seller.
“The deal ensures that Holmwood House can continue its growth, both in terms of its programmes and the learning and developmental environment that it provides to all of its pupils.
“Bellevue Education is a highly-regarded operator in the private education segment of the market and perfectly placed to provide Holmwood House with the support and expertise to continue to excel and thrive.”
The collaboration included legal advisers Greenwoods GRM where partner Alastair Gunn said: “It was a pleasure to work on what was a truly collaborative transaction process – a great team effort by all involved that has produced a fantastic result for both parties and an exciting platform for the future growth and development of the school.”