Neuberger Berman’s Consortium with EQT and CPP Investments to Acquire Nord Anglia for $14.5 Billion

On October 21, 2024, Neuberger Berman Private Markets ("Neuberger Berman"), EQT and Canada Pension Plan Investment Board ("CPP Investments"), together with global institutional investors, announced the signing of definitive share purchase agreements in Nord Anglia Education, a leading international schools organization ("Nord Anglia"), for an enterprise value of $14.5 billion. Existing owners EQT and CPP Investments will remain shareholders in Nord Anglia through a new fund investment and reinvestment, respectively, while Neuberger Berman will become a new strategic partner. Cravath is representing Neuberger Berman in connection with the transaction.

The Cravath team is led by partners Peter Feist and Jihyun Chung and includes associates Nathan Noh and Erika T.J. Carter on M&A matters; and partner Arvind Ravichandran and associate William Swisher on tax matters.