Latham & Watkins Advises Nord Anglia Education on Acquisition of Six Schools from Meritas

Nord Anglia Education, Inc., the world’s leading operator of premium schools, has announced in a press release dated June 25, 2015, that it completed its acquisition of six schools from Meritas, LLC and certain affiliates for net cash consideration of US$534 million plus US$25 million of deferred consideration, as detailed in the company-issued press release below. The schools are located in North America, Europe and China.

Latham & Watkins advised Nord Anglia Education in the acquisition and its concurrent equity offering, CHF denominated notes offering and amendment and restatement of its senior secured credit facilities, which the company used to finance the acquisition.

Bryant Edwards, Chair of Latham & Watkins’ Asia practice, said, “We are delighted to continue our long-standing relationship with Nord Anglia Education in this landmark series of transactions.”

“The simultaneous execution of a major acquisition, equity offering, high yield notes offering and bank financing, all involving complex cross-border issues, demonstrates Latham & Watkins’ unique global platform and broad expertise across our practice groups,” added Edwards.

Latham & Watkins advised Nord Anglia Education in these transactions with a M&A team led by Chicago partner Brad Faris and associate Jonathan Solomon with associates Alan Bakhos and Laura Janowitsch; a capital markets team led by New York partner Marc Jaffe, Hong Kong partner Eugene Lee and associate Dominik Sklenar; and a finance team led by New York partner David Teh, with associates Nicole Fanjuland Colin O’Regan in New York and Shahid Jamil and Tanim Rahman in London.

Lawyers from Latham & Watkins’ London, Hong Kong, Singapore, Dubai and Madrid offices advised on local law matters related to the notes offering and credit facilities amendment.