CAPITAL FOR INVESTMENT IN CENTRAL AND EASTERN EUROPE

00:00:00 14.12.2014
    China-CEE Fund acquires BKF University of Applied Sciences, Budapest


    China-CEE Fund, advised by CEE Equity Partners acquired the majority of BKF University of Applied Sciences Budapest, the market leading private higher education institution in Hungary. The transaction was the first sizeable PE investment in a higher education institution in the region.China- CEE Fund, the leading regional private equity fund with offices in Warsaw, Budapest and Bucharest manages a total of USD 500 million commitments. The old and new owners have joined forces to implement the growth strategy of the leading regional private higher education institution.

     

    China Central and Eastern Europe Investment Co-Operation Fund, a private equity fund with main office in Warsaw  managing a total of USD 500 million has become the majority owner of BKF University of Applied Sciences Budapest (BKF) through a transaction which closed on the 5th of December. This is the third investment China CEE Fund, advised by CEE Equity Partners completed during 2014. The investment is aimed at helping BKF, which has 7,000 students, to grow in both Hungary and abroad through the introduction of new programs both in existing and new educational areas, strengthening of the English language programs, increasing the number of foreign students and through international acquisitions.

     

    "Following many years of steady growth, BKF has now reached a stage from where further dynamic growth requires significant additional capital. We have found the right partner for that in China- CEE Fund. We are fully aligned with China -CEE Fund as regards our growth strategy, which we are looking to implement with the present management and staff”, said BKF's founder Árpád Herbst, who will continue to actively participate in shaping and developing the institution's strategy.

     

    China-CEE Fund sees considerable growth potential in BKF. "We are convinced that the result of our joint effort will be a Budapest based regional market leader in private higher education, with a corresponding increase in business value," said Tamás Szalai, partner of CEE Equity. "We contribute not only capital but also our regional network to facilitate regional acquisitions, and our experience how to further institutionalize BKF”, he added.

     

    87 % of BKF’s graduates find a job within 3 months of graduation, of which 84 % in their field of studies. Demand in Hungary for BKF's courses continues to grow as BKF’s unique training system keeps employers' requirements as the number one consideration. "We intend to keep to this high standard and to start programs in popular fields like Finance and Accounting, which has just been accredited", added BKF's Rector László Vass. "Over the long run we can only do this if we are financially successful, and this is where BKF is truly unique," he added.

     

    For any further enquires please contact Tamas Szalai (t.szalai@cee-equity.com).

     

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