LONDON, Nov. 29 /PRNewswire/ -- Kaplan today announced that it has signed
an agreement to acquire Holborn College, an independent school of business and
law in London. The terms of the agreement were not disclosed.
Kaplan is a leading international educational services provider whose
holdings include The Financial Training Company (FTC) in the UK, Dublin
Business School and the Asia Pacific Management Institute (APMI) in Singapore.
Kaplan, a subsidiary of The Washington Post Company, is based in New York.
Holborn College, founded in 1969, offers a range of pre-university,
undergraduate, post-graduate and professional courses. The college is a
founding member of the British Accreditation Council for Independent Further
and Higher Education, the national review body for the recognition of UK
William Macpherson, CEO of Kaplan International and CEO of The Financial
Training Company, said: "Holborn is a well-regarded educational institution in
the UK and one with which we are proud to be affiliated. This acquisition
gives us an opportunity to build upon Kaplan's resources and expertise while
continuing to diversify our education holdings."
Professor Cedric C. Bell, chief executive of Holborn College, said:
"Kaplan is a recognized leader in the education industry and we are excited to
be a part of the group. We are also proud of what Holborn College has been
able to accomplish in its 36-year history and look forward to building upon
our successes under Kaplan's leadership."
Holborn offers degree and post-graduate programs with three leading UK
universities -- the University of Wales, the University of Huddersfield and
the University of London External Programme. Holborn provides courses for
students both at its London campus and by distance learning, with degrees
being awarded by the respective universities.
Kaplan recently partnered with two institutions of higher education in the
UK to create Sheffield International College and Nottingham Trent
International College. Through these colleges, Kaplan offers academic
preparation programmes designed for international students that provide a
solid academic foundation in their chosen area of study, combined with
intensive English language preparation and academic study skills.
Kaplan International Holdings
FTC is a leading provider of test preparation services for accounting and
financial service professionals in the UK. Dublin Business School is one of
Ireland's largest private university-level institutions. APMI is one of Asia's
largest private education providers for students, executives and managers in
Kaplan provides higher education, professional training, test preparation,
services for K12 schools and after-school learning programmes. Kaplan, which
had 2004 revenues of more than $1.1 billion, is a wholly owned subsidiary of
The Washington Post Company (NYSE: WPO). For more information about Kaplan,
please visit http://www.kaplan.com.
About Holborn College
Holborn College is one of the most successful independent institutions of
higher education in the UK. The college, which operates principally out of a
34,000-square-foot Victorian building in southeast London, has 1,900 part- and
full-time students. It is a member of the Universities and Colleges
Admissions Service and the British Council Educational Counselling Service.
Holborn received the Queen's Award for Export Achievement in 1982 for its role
in international education. For more information about Holborn College,
please visit http://www.holborncollege.ac.uk.
+44 (0) 870 420 3217
SOURCE Kaplan Inc.