Georgia Capital Financial Highlights
Pipeline
Acquisitions of majority stakes in three leading schools
Premium
Mid-level
British-Georgian Academy
2
Buckswood
Transaction
Purchase of 70% equity stake.
Purchase of 80% equity stake.
highlights ➤ Valued at 6.4x EV/EBITDA 2020.
Valued at 6.4x EV/EBITDA 2020.
Affordable
3
Green School
GEORGIA
CAPITAL
Purchase of 80% - 90%¹ equity stake.
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 11,180 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 (GEL)
BGA
Buckswood
Green School
Premium
Mid-level
Affordable
23 July 2019
29 July 2019
22 August 2019
OGEL 75 million
OGEL 24 million
50%
50%
70%
800
3,200
35,000 - 40,000
80%
760
2,980
13,000 16,000
Total
OGEL 21 million
GEL 120 million
50%
80% - 90%¹
1,250
5,000
6,500 - 8,500
2,810
11,180
(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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