WHIreland raises £4m for Malvern International plc

Following on from its acquisition of the Singapore-based education firm “SAA-GE” in November 2017, Malvern has continued with its acquisition strategy with the purchase of Communicate English School Limited (“Communicate”), a family-run English school based in Manchester. The acquisition, enables Malvern to offer a broader geographical and subject offering, further strengthening its offering to students worldwide.

The consideration payable for Communicate was £2.34m which was satisfied through a combination of cash consideration (£1.65m) and share consideration of £0.69m. To generate the funds required to meet the cash consideration and the further development of the  Malvern Group, WHIreland acted as sole nomad and broker on a fundraise of £4m in what was Malvern’s first institutional placing.

Sam Malafeh, CEO, Malvern International commented: “We are extremely happy with the work and support we received from our account team at WHIreland on the acquisition and fundraising. The team was enthusiastic, constructive, and delivered what they said they would.”

Mike Coe, Corporate Finance Director, WHIreland said: “We are delighted to have helped Sam and his team deliver the Communicate acquisition and this landmark fundraising. The success of the fundraising underlines the increasing strengthen of Malvern’s proposition and investor interest in the sector. We are excited by, and look forward to, supporting Malvern in its continuing development through 2018 and beyond.”