Opportunity Overview 

Academy is one of Singapore’s most prestigious secondary schools 

• FYJune’17  Rev: $SGD 2.6m, EBITDA: $SGD 587k; EBITDA margin 23% 

Academy provides a British curriculum and prepare local and foreign students to the UK universities  

• well-established and recognized International school offering a British curriculum to high achieving students in Singapore; 
• company’s success relies on delivering the highest academic teaching, thru small size class, with a free one to one academic support at a very competitive price in a demanding market; 
• owner and founder is willing to provide the necessary support to the right buyer to ensure a smooth transition for 18 months. 

Investment Thesis 

• since 2001 students have progressed to University of Oxford (UK), University College London (UK), Imperial College (London, UK), University of Michigan (USA), Sydney University (Australia), Trinity College Dublin (Ireland) and Fudan University (China). 
• small size class of 4-12 students, multicultural environment with as of today 45 nationalities who studied at ACADEMY since inception; 
• one of the few schools located in Central Singapore, with 14,000 sqm and 18 classrooms fully equipped welcoming 100 students in average per year ranging from 11 to 18 years old overseen by 32 staffs of which 20 are eachers. 
• unlike most of Singaporean International school, ACADEMY has no fancy campus since the management believes that the city is offering ample facilities in the vicinity on which it can leverage to offer non-academic activities. This allows ACADEMY to offer extremely competitive Tuition fees, in average 30% cheaper than its competitors. 
• British curriculum which prepares students for IGCSE, GCE A-Level and IAL exams. These are set and administered by Pearson Edexcel, a UK fully-accredited Exam Board and Awarding Body. It is a Pearson Edexcel Approved Centre for delivering Academic Qualifications, and a recognised Edexcel Centre of Excellence. Exams are recognised by schools, leading university and employers, in Singapore and around the world. 
• Over the years the school managed to maintain its financial results at a stable level with 105 students in 2017 who generated a SGD 2.6M revenue and positive EBITDA; breakeven at 60 students. 

Transaction Dynamics 

Process  

Please contact Nick Farnan from Management Advisors for further details