This week a remarkable deal was inked in the middle of tumbling markets and closing doors. The leading private higher education company in China, Hong-Kong listed China Education Group Holdings Ltd (CEG) became a long term partner of Richmond, The American University in London.
Richmond is – and remains – a not-for-profit liberal arts university, the only one of its type to offer dual accredited US and UK degrees. CEG will share its global resources, expertise and capabilities to support Richmond to further expand its international vision, making the University’s unique UK and US dual degrees even more accessible to students across the globe. Equally, Richmond provides CEG, with its 180,000 students across a network of 10 universities and colleges in China and Australia, a keystone partner in US and English higher education.
This partnership represents the future, one with deep channels and deep relationships across global markets, between organizations committed to quality education, and bringing old and new world assets to the table. Wells Advisory was lead commercial advisor to CEG on the deal.