Clark Perkins’ buyout firm, Mercury Capital, is continuing its push into the education sector, taking a stake in creative industries education provider JMC Academy.
Street Talk understands Mercury has inked a deal for 60 per cent of JMC Academy at a $150 million enterprise value. Sources said the acquisition was due to complete at the end of this month and would see Mercury sit alongside director John Cascarino on the register.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
