Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

Canada Pension Plan Investment Board (“CPPIB”), intends to acquire a minority stake in,

and joint control over, Nord Anglia (the “Proposed Transaction”). Nord Anglia is currently

sole controlled by private equity funds managed by BPEA Private Equity Asia (“BPEA”, and,

together with CPPIB, the “Parties”). Following completion of the Proposed Transaction,

BPEA will retain joint control over Nord Anglia within the meaning of the Merger

Regulation, alongside CPPIB.

BPEA is an independent alternative asset management firm based in Asia. The firm runs a

pan-Asian investment program, sponsoring buyouts and providing growth capital to

companies for expansion or acquisitions, as well as a private credit and a pan-Asian real estate

private equity investment program.

CPPIB is a professional investment management organisation that invests the assets of the

Canada Pension Plan.

Nord Anglia is a premium school operator. It runs 45 international schools, boarding schools

and private schools located in China, Europe, the Middle East, the U.S. and Southeast Asia.