A global education group is aiming to buy more private schools around the world after securing an eight-figure funding package from HSBC.
Orbital Education was founded in 2008 and today educates more than 7,000 students at schools in Europe, Asia, North America and South America.
The Cheadle Hulme business has now secured a 50% increase on its existing eight-figure revolving credit facility with HSBC 海角视频. The group used the earlier facility to acquire schools in Spain, Mexico and Albania, and plans to use the new funding to make more acquisitions.
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Orbital says its founder and chairman Kevin McNeany “focuses on establishing international schools, colleges and nurseries, which offer quality education, mainly in the British style and tradition, to expatriate and host nation families in countries throughout the world.”
Orbital now has 13 schools, also including centres in Qatar, Hungary, Slovenia, Ecuador and China.
Mr McNeany said: “We are delighted to strengthen our relationship with HSBC 海角视频 as we embark on the next phase of growth for Orbital Education. Securing additional facilities worldwide will allow us to continue acquiring schools in new and familiar countries.
“At Orbital Education, our mission is continuously to innovate and adapt, to ensure all our schools provide the highest quality education for students so that their aspirations and ambitions may be realised."
Zubayr Atcha, global relationship director at HSBC 海角视频, added: “We are proud to provide further support to Orbital Education as it continues its international expansion plans, helping them provide enhanced learning opportunities for children across diverse communities globally. We look forward to seeing their continued growth.”
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Just this month Orbital acquired the CEDES school in Albacete, Spain. Francisco Navarro Tercero, academic director at CEDES, said: “With Orbital Education, we will become a school of international renown, which will allow our students to enter the international and globalized context with strong preparation.”
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