By Mark Kleinman, City Editor
One of the country's biggest private providers of pre-university education is poised to cash in on a surge in the number of foreign students in the UK with an auction valuing it at up to £200m.
Sky News understands that Cambridge Education Group (CEG), which was established in 1985, is about to be put up for sale by its private equity owners.
CEG offers pre-university and English language teaching, tutoring a combination of overseas and UK students at Foundation, GCSE, A-Level and International Baccalaureate levels.
It operates from three campuses in Cambridge, London and Canterbury and runs additional on-campus Foundation Programmes at five other universities.
The company also runs educational summer camps for foreign students at 18 locations across the UK.
CEG has been controlled by Palamon Capital Partners, a buyout firm which has invested in a string of professional services businesses, since 2007.
Palamon will reap a handsome return from a sale valuing CEG at £200m, having injected just £15m into the company six years ago.
It has benefited from a huge influx of foreign students into the UK, and last year paid itself a £23m dividend through a refinancing backed by Royal Bank of Scotland.
CEG is likely to attract bids from other private equity firms and could spark interest from the likes of Pearson, the education and publishing group which owns the Financial Times.
Palamon did not return calls seeking comment.
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