Georgia Capital PLC Investment Overview
Pipeline
Recent acquisitions - education business
Premium
Mid-level
British-Georgian Academy
2
Buckswood
Affordable
3
Green School
GEORGIA
CAPITAL
Transaction
Purchase of 70% equity stake.
Purchase of 80% equity stake.
Purchase of 80% - 90%¹ equity stake.
highlights ➤ Valued at 6.4x EV/EBITDA 2020.
Valued at 6.4x EV/EBITDA 2020.
Valued at 5.6x EV/EBITDA.
Three high quality school partnerships across premium, mid-level and affordable education segments, providing a clear
pathway to approximately 11,750 learners and to more than 50% of our targeted GEL 70 million EBITDA by 2025
School
Segment
Deal close
date
Total capital
allocation from GCAP²
Debt/Equity
GCAP ownership
Current capacity
of learners
Targeted capacity
of learners
Targeted cost
per learner
BGA
Buckswood
Green School
Premium
Mid-level
Affordable
24 July 2019
29 July 2019
GEL 75 million
GEL 17 million
25%
70%
750
3,350
35,000 - 40,000
40%
80%
730
2,700
13,000 - 16,000
Total
GEL 21 million
OGEL 113 million
50%
80% - 90%¹
1,050
5,700
6,500 - 8,500
2,530
11,750
(1)
(2)
80% equity stake in the current campus and 90% equity stake in three new schools that will be developed under green school brand.
Includes actual and projected future capital allocations.
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