Sale of Budapest Metropolitan University (METU)

China-CEE Fund I, advised by CEE Equity Partners, has completed the sale of Budapest Metropolitan University (METU) to Central Europe Alfa Asset Management Ltd with its sole investor being Optima Investments Ltd. Optima will support METU in its strategy to further develop as an internationally recognized higher education institution.

On the 1st of June the transaction completed to sell 100% of METU to Optima for a cash consideration of USD 50m in an international sale process attracting interest from European and Asian, financial and strategic, bidders.

Budapest Metropolitan University, the largest privately-owned university in Hungary with 7,000 students, has been focusing on developing its courses, improving student satisfaction (including the willingness to recommend the institution to peers). Over 1,000 foreign students attend the institution where students can choose from over 30 popular programs. The institution’s operations will continue to be led by President & CEO Dr. Ágnes Tóth and Rector Dr. Bálint Bachmann.

CMS Cameron McKenna Nabarro Olswang LLP (Budapest) served as legal counsel and Lasanoz Finance (Warsaw) acted as financial advisor to CEE Equity Partners. Dentons Réczicza Law Firm served as legal advisor to Optima and Impact Advisory acted as financial advisor.

About Budapest Metropolitan University

Budapest Metropolitan University (METU) is the largest privately owned higher education institution in Hungary. METU offers four major fields of education at its two faculties: communications, business studies, tourism and arts. The ever-growing list of programs include 32 BA, 34 MA, 15 professional training programs and 7 higher education vocational training programs in Hungarian and in English. METU can boast with 7000 students, including more than 1000 foreign students from 110 countries all over the world. The institution has been a predominant and dynamically developing member of higher education in Hungary and in Central Europe since 2001. At the moment it has contacts with almost 200 foreign partner institutions on 5 continents.   

In 2020, METU has introduced a new category in higher education: the University of Creative Industries, which clearly reflects its unique portfolio-based education system, the university’s professional mission and the most important characteristic of its student and educator communities. One of the most important steps towards introducing the University of Creative Industries concept was the launch of the myBRAND portfolio-based education methodology in 2018.

With its myBRAND education methodology, METU was the first Hungarian university to transition its education model to fit the international trend of portfolio-based training systems. It operates based on continuously renewing methods, supported by educators with international experience and an inspiring, innovative environment, thereby preparing students to meet the demands of shifting labor market needs both in Hungary and abroad.