Australia, 1 August 2011 – Editure Limited (“Editure”) today announced that an investment company controlled by a group of major shareholders of Editure has agreed to acquire shares and provide a loan to Kip McGrath Education Centres Limited (“Kip McGrath”).
Following the transaction, Editure and Kip McGrath plan to work together to capitalise on synergies and grow their businesses in key markets around the world. Although this strategic alliance will pursue opportunities on a number of fronts, there will be a strong strategic focus on working together to expand in the United States market.
