Kaplan Sells Language Platform
A British investment group, Inspirit Capital, has acquired Kaplan's language-learning platform, Kaplan Languages Group. The deal is expected to be finalized on May 1, with the sale value undisclosed.
Kaplan Inc., a provider of education services, has sold its language-learning platform, Kaplan Languages Group (KLG), to a British investment group, Inspirit Capital. The acquisition is expected to be finalized on May 1, although the sale value was not disclosed. KLG operates over 20 language schools in eight countries and has partnerships with more than 100 universities and colleges in the United States and Canada. Kaplan's decision to sell KLG follows its recent focus on higher education institutions and finance and accounting professionals. Inspirit Capital plans to support KLG's growth and maintain its high standards of education and student care. The sale is part of a trend in the education sector, with other providers, such as Anthology Inc., also restructuring their offerings.
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