HONG KONG Aug 8 Canadian private equity firm
Altas Partners LP and pan Asia firm Baring Private Equity Asia
have acquired a substantial stake in St George's University in
Grenada, the university said on Friday.
Terms of the deal were not disclosed, but St George's, a
medical university, received $750 million for the stake, the
Wall Street Journal reported on Friday.
Founded in 1976, St. George's has more than 14,000 graduates
including physicians, veterinarians, scientists, and public
health and business professionals across the world.
St George's graduates often become medical residents in the
United States and the UK.
The money is expected to help St George's expand its
business globally, including in Asia.
Baring Private Equity, which has over $5 billion in assets,
has education interests including Nord Anglia, PSB
Academy and EduCo.
(Reporting by Stephen Aldred; Editing by Mark Potter)