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- Global Schools Group
Global Schools Group Funding, Investors & Competitors
Global Schools Group has raised $298M across 2 funding rounds, most recently a $143M strategic investment round in July 2023.
Last Global Schools Group funding round
$143M
Strategic investment · Jul 2023
Cumulative funding Global Schools Group raised
$298M
across 2 funding rounds
Key investors in Global Schools Group
Global Schools Group Overview
About Global Schools Group
Global Schools Group is a Singapore-headquartered K-12 education group that owns and operates international schools in Asia, the Middle East and Europe. It is the investment arm and related entities of the Global Schools Foundation, founded in 2002, whose best-known schools are the Global Indian International School campuses. The foundation reported about 40,000 students across 40 campuses in 11 countries in 2023. The group earns tuition fees from private and international schools offering curricula such as the International Baccalaureate, Cambridge IGCSE and CBSE, and has grown through more than 25 school acquisitions, including Dwight School Seoul, Regent International Schools in Malaysia and several Indian schools. It is chaired by Atul Temurnikar.
Founded
2002
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Services
Sectors
Global Schools Group Funding History
Global Schools Group has raised a total of $298M across 2 funding rounds.
Global Schools Group's first fundraising round was a $155M strategic investment round in August 2021. The most recent completed round was a $143M strategic investment round in July 2023.
Global Schools Group funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jul 2023 | Strategic investment | Apollo Global Management | $143M | Funds managed by affiliates of Apollo Global Management committed in July 2023 to provide approximately S$190 million of additional capital to Global Schools Group (GSG), nearly doubling their total commitment to the Singapore-based education company. Apollo's Hybrid Value strategy had first provided long-term funding to GSG in 2021 with a $155 million commitment. GSG said the new capital would let it raise its investments to more than US$650 million, complete its first transactions in Europe and the United Kingdom and consolidate its presence in Asia and the Middle East, and that it expected to deploy a further US$1.5 billion to US$2 billion over the following years on acquisitions of premium K-12 schools. Part of the capital was committed to The Global Village in Singapore, a 600,000 sq ft purpose-built campus for the Global Indian International School and One World International School. In the three years before the announcement GSG completed more than 25 acquisitions adding over 20,000 students, including Dwight School Seoul, Glendale Academy in Hyderabad, Silveroaks International School in Bangalore, Regent International Schools in Malaysia and Harrods International Academy in Cambodia. Founded in 2002, the Global Schools Foundation had about 40,000 students across 40 campuses in 11 countries. Apollo partner Gaurav Pant said GSG had shown leadership in building an Asia-led global education platform. |
| Aug 2021 | Strategic investment | Apollo Global Management | $155M | Funds within Apollo's Hybrid Value strategy entered into definitive agreements in August 2021 to invest $155 million in Global Schools Group (GSG), a premium K-12 education network headquartered in Singapore. The investment was announced together with a $100 million Hybrid Value commitment to JSW Cement in India, and both were structured equity solutions. GSG was seeking capital to buy high-quality education companies and expand its campus network; Apollo said its Hybrid Value team could respond quickly with a structure that let shareholders and management pursue those goals. Matt Michelini, senior partner and co-head of Hybrid Value, said Apollo had longstanding relationships with the management and shareholders and that the deal reflected its focus on expanding in Asia. At the time Apollo's Hybrid Value business managed $12.5 billion and had led more than $7 billion of investment commitments in the previous 18 months. GSG is the investment arm of the Global Schools Foundation, founded in 2002 in Singapore, which operates the Global Indian International School network and other international schools; by 2023 the foundation reported about 40,000 students across 40 campuses in 11 countries. Apollo funds nearly doubled their commitment to GSG in July 2023. |
Who has invested in Global Schools Group?
1 investor has backed Global Schools Group across its funding rounds, including Apollo Global Management.
Global Schools Group Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Global Schools Group investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialGlobal Schools Group Competitors
Global Schools Group competitors include listed companies like Pearson, New Oriental Education, Duolingo and TAL Education, and private ones like Yuanfudao and Guild.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $1.4B | - | $17B | 11.7x | ||
| Publicly listed | $4.8B | $1.4B | $10B | 2.5x | ||
| Publicly listed | $5.7B | $832M | $8.4B | 0.7x | ||
| Publicly listed | $1B | $152M | $7.6B | 5.3x | ||
| Publicly listed | $3B | $700M | $5.6B | 1.0x | ||
| Private | $100M | - | $4.4B | - |
Global Schools Group Public Comps
Global Schools Group is still privately-owned, but its public comps include Pearson, New Oriental Education, Duolingo, TAL Education, Graham Holdings, Laureate Education, East Buy, Covista, Fibra Educa and Stride.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.8B | $1.4B | 2.6x | 2.5x | 8.7x | 11.1x | |||
| $5.7B | $832M | 0.8x | 0.7x | 5.4x | 4.9x | |||
| $1B | $152M | 6.1x | 5.3x | 41.4x | 19.6x | |||
| $3B | $700M | 1.1x | 1.0x | 4.7x | 5.0x | |||
| $4.9B | $682M | 1.1x | 1.0x | 7.6x | - | |||
| $1.7B | $515M | 3.0x | 2.7x | 10.0x | 8.8x | |||
| $856M | $99M | 3.9x | 3.4x | 33.7x | 27.7x | |||
| $2B | $462M | 2.1x | 2.1x | 9.1x | 7.8x | |||
This data is available for Pro users. Sign up to see all Global Schools Group competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Global Schools Group
| When was Global Schools Group founded? | Global Schools Group was founded in 2002. |
| Where is Global Schools Group headquartered? | Global Schools Group is headquartered in Singapore, Singapore. |
| Is Global Schools Group publicly listed? | No, Global Schools Group is a private, VC-backed company. |
| How much funding has Global Schools Group raised? | Global Schools Group has raised $298M across 2 funding rounds. |
| What was Global Schools Group's last funding round? | Global Schools Group's last funding round was a $143M strategic investment round in July 2023. |
| Who are Global Schools Group's investors? | Global Schools Group's investors include Apollo Global Management. |
| Which companies are comparable to Global Schools Group? | Companies comparable to Global Schools Group include Yuanfudao, Pearson, New Oriental Education, Duolingo, TAL Education and Guild. |
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