The Education Fund is pleased to announce that it has acquired the Australian International College of English (AICE).
AICE was established in 2006 and is a leading English pathways specialist servicing the international student market in Sydney. AICE attracts students from all over the world who are seeking to pursue pathways with its prestigious high school and top-tier university partners.
Heidi Reid, Principal of AICE commented: “I am so excited to be a part of The Education Fund, as it’s the only education focused private equity firm in our region. There is now an incredible opportunity for AICE to grow our business through operational excellence and we look forward to working with the team at The Education Fund.”
Glen Dobbie, Managing Director of The Education Fund added: “We look forward to working with the team at AICE to help them achieve their growth objectives. This investment complements our other assets in the region and we have a very clear path to grow the business with the existing management team.”
About The EducationFund
The Education Fund is the first education focused private equity fund in Asia. The fund is led by a team with a unique blend of investment and operational experience in the education industry which includes decades of collective experience as entrepreneurs, investors and leaders in education. The Education Fund has offices and existing investments in Australia, Singapore, Indonesia, Philippines and China.www.theeducationfund.com
About Australian International College ofEnglish
The Australian International College of English (AICE) is a leading English language provider based in Sydney. AICE provides a range of English language programs including test preparation, high school preparation, English for Young Learners, English for academic purposes and general English. AICE recruits students from all over the world who are seeking to pursue education with its university and school partners. www.aice.nsw.edu.au
Existing portfolio managed by The Education Fund include:
Founded in 2010, the Australian Institute of Higher Education (AIH) is a boutique higher education provider based in Sydney. AIH offers bachelor degree programs in Accounting, Business and Information Systems.
Founded in 1994, Fortrust Education is a leading international student recruitment agency. Fortrust Education has offices throughout Asia Pacific and recruits around 4,000 students per annum.
Founded in 2007, Indogro delivers English language training in Indonesia K-12 schools. The training programs are delivered intra curriculum on the school campus. Indogro is now teaching over 100,000 students per annum.
Founded in 2008, Student World is an international student recruitment agency based in Sydney. Student World recruits over 1,000 students per annum from a large range of nationalities.