AdvTech agrees to buy a controlling interest in Monash South Africa

AdvTech a JSE listed education company has agreed to acquire a controlling interest in Monash South Africa in a transaction that is expected to be effective by January 2019. The acquisition amount is said to be in the region of R450m. AdvTech is a well-regarded education based group that controls the Crawford Schools, Varsity College and Rosebank College among many others. The acquisition is expected to expand its reach in in the tertiary education sector and the transaction is subject to approval by the South African competition commission and the South African Department of Higher Education and Training.

 

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