Private education company Alpha Plus Group, owned by UK fund manager Delancey, has sold 17 of its 20 schools to premium school firm Inspired for an undisclosed price.
The deal includes Wetherby Preparatory School, once attended by princes William and Harry, Pembridge Hall School for Girls and Chepstow House School in London.
Also included is Wetherby Arts School, a new co-educational senior school schedulded to open in 2025 in a 60,000 sq ft building in West London’s Olympia development.
The deal does not include the three sixth form colleges run by Alpha Group: Abbey College Cambridge; Abbey College Manchester; and DLD College London.
Alpha Plus Group chairman Sir John Ritblat said: “Merging with the Inspired Education Group will allow our Alpha Plus schools to work closely with their schools, and help us to realise our expansion plans in Olympia and beyond.”
Nadim M Nsouli, founder, chairman and chief executive of Inspired, added: “The best schools in the world join Inspired, and we are proud to welcome the Alpha Plus Group’s schools, including leading London ones such as Wetherby School and Pembridge Hall School, to the group.”
UK fund manager Delancey acquired Alpha Plus for £113m in 2007, when it had a portfolio of 18 schools.
Earlier this week, Delancey, founded by Jamie Ritblat, announced a new joint venture with developer and asset manager Coltham to launch UK logistics platform Greenlight.
The JV will develop sustainable, mid-box logistic schemes near major conurbations and transport arteries across the UK.