U.S. Providence Equity Partners to buy UK’s Tes Global for $385.6 mln

01/12/2019 12:33:00 PM (GMT)

U.S.-based private equity firm Providence Equity Partners has agreed to purchase U.K.-based education company Tes Global from another private equity firm TPG Capital.

The transaction could be valued at between the range of 250 million pounds ($321.3 million) to 300 million pounds ($385.6 million).

The transaction is scheduled to be completed on January 31, 2019.

In 2013, U.S. investment company TPG acquired Tes Global for about $514.1 million.

Providence Equity Partners LLC.

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