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Private International Education Study Group Sold and Navitas Griffith Contract Renewal

Providence buys Study Group. Private equity firms completed two of the only significant buyout deals in Australia since the global financial crisis, led by the $US570 million ($A681.49 million) sale of university programme provider Study Group.. …The Study Group sale is the first in a string of expected deals as private equity opts for trade sales to avoid floating mid-size Australian businesses in lacklustre markets.

Navitas-Griffith University to expand college. Navitas Ltd has signed a new ten year agreement with Griffith University to expand the existing Queensland Institute of Business and Technology (QIBT) college, currently based at Mt Gravatt, to Griffith’s Gold Coast campus.

The new blended agreement supersedes Navitas’ existing ten year agreement with Griffith University which was renewed in 2008. The QIBT Gold Coast campus is expected to welcome its first students in semester one 2012.

Public sector clients must bring a lot of pressure for results from Navitas, Study Group etc., or is it simply another case of public sector outsourcing responsibility and accountability for results?

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