How EQT built Nord Anglia Education from six-school minnow to $14.5bn market leader

EQT

How EQT built Nord Anglia Education from six-school minnow to $14.5bn market leader

EQT · Wealth Club

EQT took Nord Anglia private in June 2008 for around $400m when it had just six schools. Nearly two decades later, the business operates more than 80 schools across 33 countries, teaching 80,000 students. In late 2024, EQT welcomed a new consortium of investors—the transaction valued Nord Anglia at $14.5 billion, returning $5.4 billion to EQT investors. The case explores M&A strategy, governance improvements, data-driven decision-making, and partnerships with MIT and UNICEF.