Archer Capital’s Kiwi education business Aspire2 Group is finally changing hands after almost a decade of ownership.
River Capital, a Melbourne-based investment firm set up by Barry and Suzi Carp, picked up Archer’s stake in the operator on July 1. It is betting on Aspire2’s growth potential, especially in the business-to-business unit which wants to dig deeper into the Australian market and is keeping an eye out for bolt-on acquisitions.
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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
