Investment Thesis

• Strengthen leadership position in upper secondary school niche
• Primary growth drivers include (i) roll out of new units on selective basis (ii) grow and increase efficiency within existing units and (iii) strengthen position within the adult education segment

Main transformation Initiatives

• Assisted management in building business plan and budget
• Clearly prioritised growth alternatives
• Actively evaluating add-on acquisition opportunities
• Standardize financial and operational reporting – drive internal benchmarking and sharing of best practices
• Strengthen management team and organisation