Nord Anglia Education Announces Pricing of Follow-On Offering of Ordinary Shares

HONG KONG, June 11, 2015 /PRNewswire/ -- Nord Anglia Education, Inc. (NYSE: NORD) announced today the pricing on June 10, 2015 of a follow-on offering of 7,100,000 ordinary shares at a price of $24.00 per share.  Closing of the offering is expected to occur on June 16, 2015, subject to customary closing conditions.  Of the shares being offered, 5,200,000 shares are being offered by Nord Anglia Education and 1,900,000 shares are being offered by two selling shareholders.  In connection with the offering, Nord Anglia Education and one of the selling shareholders, Premier Education Holdings Ltd, have granted the underwriters a 30-day option to purchase up to an additional 60,000 and 1,005,000 ordinary shares, respectively.

Nord Anglia Education intends to use the net proceeds of the offering to partially fund its previously announced acquisition of six schools from Meritas, LLC and its affiliates.  Nord Anglia Education will not receive any proceeds from the sale of shares by the selling shareholders.

Credit Suisse, Goldman, Sachs & Co., Deutsche Bank Securities and RBC Capital Markets are serving as lead book-running managers for the offering.  Additional book-running managers are Barclays and BMO Capital Markets.  The co-managers for the offering are HSBC and William Blair.   

The ordinary shares are being offered pursuant to a shelf registration statement on Form F-3 filed with the Securities Exchange Commission on May 29, 2015 and declared effective on June 5, 2015.  A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC.  Copies of the final prospectus supplement and accompanying prospectus relating to the offering may be obtained, when available, by contacting Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, telephone (800) 221-1037, email: [email protected], Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282 (Tel: 866-471-2526), email: [email protected], Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, telephone: 800-503-4611, email: [email protected] or RBC Capital Markets, LLC, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Attention: Equity Syndicate, Phone: 877-822-4089, email: [email protected]

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

About Nord Anglia Education, Inc.   

Nord Anglia Education is the world's leading international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12).  We teach over 23,900 students at our 35 premium schools in China, Europe, the Middle East and Southeast Asia and North America.  We primarily operate in geographic markets with high foreign direct investment, large expatriate populations and rising disposable income.  We believe that these factors contribute to high demand for premium schools and strong growth in our business.  Nord Anglia Education is headquartered in Hong Kong.  Our website is www.nordangliaeducation.com.

For further information, please contact:

Investors:

Vanessa Cardonnel
Corporate Finance and Investor Relations Director - Nord Anglia Education
Tel: +852 3951 1130
Email: [email protected]  

Kevin Doherty
Managing Director, Investor Relations - Solebury Communications Group LLC
Tel: +1 203 428 3233
Email: [email protected]

Media:

Sarah Doyle
Head of Brand - Nord Anglia Education
Tel: +852 3951 1144
Email: [email protected]

SOURCE Nord Anglia Education, Inc.

Related Links

http://www.nordangliaeducation.com