updated on 16 April 2021
TDR is a UK-based private equity firm that Graham Gaddes, BPP CEO, called “long-term investors with a strong track record of supporting management teams and investing in businesses to achieve growth.”
BPP has been part of Vanta Education, a global education network ultimately owned by funds managed by Apollo Global Management and The Vistria Group since 2009 and was put up for sale in 2019. Following TDR’s purchase of BPP, the university will be run as a standalone company with its current management team and continue to be headquartered in London. It currently educates more than 80,000 students each year and provides training and apprenticeship courses to roughly 7,000 businesses. BPP believes the move will provide the required finances for their growth strategy and that it will drive long-term benefits.
Speaking of the sale, Jon Rosen at TDR commented that they were “compelling opportunities to build on (BPP’s) strengths in the face of growing demand for high-quality education courses and training programmes,” calling it an “exciting time to be investing in education”.