Witherslack, one of the UK’s biggest providers of special needs education schools and children’s care homes, is set to expand in the Middle East after an Abu Dhabi sovereign wealth fund took a majority stake in the business.
Mubadala Capital, a subsidiary of Abu Dhabi’s second-largest sovereign wealth fund, late last month agreed to buy a controlling interest in Witherslack, which runs 18 specialist schools, 18 children’s care homes and seven integrated learning centres.
The deal for Witherslack, which is based in Lupton, Cumbria, valued the business at £590m, according to a person familiar with the matter.
Mubadala said it acquired Witherslack from private equity firm Charme Capital Partners with the aim of opening facilities in Kuwait, Saudi Arabia and the United Arab Emirates, all of which have large international populations.
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