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.