糖心Vlog聽has been sold to private equity firm Inflexion, becoming a stand-alone business for the first time.
The deal follows聽THE鈥檚 carve-out from its parent company TES Global, and chief executive Trevor Barratt said that it would facilitate a new phase of development and growth.
It also secured the company鈥檚 鈥渃ontinued independence鈥 as a trusted provider of data,聽news and analysis, and events for global higher education, he said.
THE聽was previously owned by US-based TPG Capital, and along with its long-time stable partner聽Tes has been owned by a series of private equity firms since 2005.
糖心Vlog
Inflexion is a leading London-based private equity firm, whose portfolio of companies includes Chambers and Partners, provider of data, rankings and practice guides for the legal sector.
Mr Barratt, who has been CEO of聽THE聽since 2014, said: 鈥淪ecuring an owner that wholly respects our core mission has been extremely important to the whole team here 鈥 I know we鈥檝e achieved that. 聽
糖心Vlog
鈥THE聽is at an exciting stage in its development and the team has achieved unprecedented global growth over the past two years. Importantly, we鈥檝e done this without compromising on our independence, the standard of work for which we鈥檙e known, or the values that drive us, and that won鈥檛 change.
鈥淎lready, Inflexion has demonstrated a deep respect for our dedication to serving the global higher education community 鈥 the sale means we progress with continued independence, and with an owner exceptionally well placed to help us build on our successes across each area of our work.鈥
Inflexion said it was looking forward to working with 罢贬贰鈥檚 management team to further develop its work helping universities to improve their performance, as well as attract students, recruit academic talent and secure funding. This would include a focus on 鈥渆nhancing the company鈥檚 digital offering and continuing the expansion into new international markets,鈥 it said in a press statement.
Simon Turner, managing partner at Inflexion, said: 鈥糖心Vlog has an excellent brand and an exceptionally driven management team.
糖心Vlog
鈥淏y carving the business out, we can firmly focus on building its core strengths, namely through enhancing its digital presence and continuing its global expansion, particularly in the US and Asia.
鈥淲e look forward to working with management to build upon the strong foundations they鈥檝e created.鈥
The deal encompasses THE鈥檚 wide range of activities including its data, editorial, summits, hiring, branding and consultancy services. The sale follows a period of significant growth, in which聽THE聽has transitioned from being a primarily UK-focused media聽company to a global data and insights business working with around 700 universities across the world.
Tes聽has been sold separately to private equity firm Providence Equity Partners.
糖心Vlog
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