Pearson has finished the long-running sale of most of their K-12 education businesses around the world, with a deal to sell the South African units to Novus Holding. The total price is £53 million, and Pearson has a 75 percent share of the company. Pearson decided to retain their K-12 education businesses in Australia and English-speaking Canada. The businesses sold since 2021 had provided revenue of £252m, and £22m in adjusted operating profit. Pearson says they “achieved a blended multiple of 14.1x EV/EBITDA 2021” across the various international units sold. That’s much better than they did while unloading the big […]
