Australia’s PEP agrees to buy NZ’s Academic Colleges Group

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Pacific Equity Partners, the biggest private equity firm in Australia and New Zealand, has agreed to buy Academic Colleges Group, the Auckland-based private educator, for an undisclosed sum.

ACG confirmed the sale following Australian media reports earlier this week that a sale of the education provider was underway. Last month the Australian Financial Review reported the price tag was about $530 million.

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