Pankaj58. Nobel Learning Communities
Headquarters: Saratoga, CA
Bought By: Primavera Capital Group
Headquarters: Beijing
Private schools can be a lucrative business enterprise as well as a great way to educate people. In 2017, Beijing’s Primavera Capital Group bought the Saratoga-based school for $500 million. Nobel Learning Communities was previously owned by Investcorp, with over 25,000 students in 190 schools.
Some parents were concerned about the schools being bought by a Chinese company initially and wrote a letter to oppose the deal. However, Primavera continued to go ahead with the deal until it was all squared away. Tuition for the schools in question starts at $32,000 a year.