GECC Completes the Sale of Sprott Shaw College to BPP Education
Global Education Communities Corp. (OTCQB:GECSF) has completed the sale of its subsidiary Sprott Shaw College Corp. (SSCC) to UK-based BPP Education Group. The all-cash transaction includes all 16 Sprott Shaw College campuses and two offices.
The deal excludes Sprott Shaw Language College (to be renamed SSLC College), Vancouver International College, and Global Education Alliance, which will remain under GECC and continue referring students to GECC's student housing properties. GECC had owned SSCC since 2007, successfully navigating through various challenges including the 2008 global economic crisis, the pandemic, inflation, and government restrictions on international students.
Global Education Communities Corp. (OTCQB:GECSF) ha completato la vendita della sua controllata Sprott Shaw College Corp. (SSCC) al gruppo britannico BPP Education Group. L'operazione, interamente in contanti, comprende tutti e 16 i campus di Sprott Shaw College e due uffici.
L'accordo esclude Sprott Shaw Language College (che sarà rinominato SSLC College), Vancouver International College e Global Education Alliance, che rimarranno sotto GECC e continueranno a indirizzare studenti verso le proprietà abitative per studenti di GECC. GECC possedeva SSCC dal 2007, affrontando con successo diverse sfide, tra cui la crisi economica globale del 2008, la pandemia, l'inflazione e le restrizioni governative sugli studenti internazionali.
Global Education Communities Corp. (OTCQB:GECSF) ha completado la venta de su subsidiaria Sprott Shaw College Corp. (SSCC) al grupo británico BPP Education Group. La transacción, completamente en efectivo, incluye los 16 campus de Sprott Shaw College y dos oficinas.
El acuerdo excluye a Sprott Shaw Language College (que será renombrado como SSLC College), Vancouver International College y Global Education Alliance, que permanecerán bajo GECC y continuarán refiriendo estudiantes a las residencias estudiantiles de GECC. GECC había sido propietario de SSCC desde 2007, superando con éxito diversos desafíos, incluyendo la crisis económica global de 2008, la pandemia, la inflación y las restricciones gubernamentales sobre estudiantes internacionales.
Global Education Communities Corp. (OTCQB:GECSF)는 자회사 Sprott Shaw College Corp. (SSCC)를 영국에 본사를 둔 BPP Education Group에 매각을 완료했습니다. 이번 전액 현금 거래에는 Sprott Shaw College의 16개 캠퍼스와 2개 사무실이 포함됩니다.
이번 거래에는 Sprott Shaw Language College(이후 SSLC College로 명칭 변경 예정), Vancouver International College, Global Education Alliance는 제외되며, 이들은 GECC 산하에 남아 GECC의 학생 주택 시설로 학생들을 계속 소개할 예정입니다. GECC는 2007년부터 SSCC를 소유해왔으며, 2008년 글로벌 경제 위기, 팬데믹, 인플레이션, 국제 학생에 대한 정부 제한 등 여러 도전을 성공적으로 극복해왔습니다.
Global Education Communities Corp. (OTCQB:GECSF) a finalisé la vente de sa filiale Sprott Shaw College Corp. (SSCC) au groupe britannique BPP Education Group. La transaction, entièrement en espèces, inclut les 16 campus de Sprott Shaw College ainsi que deux bureaux.
L'accord exclut le Sprott Shaw Language College (qui sera renommé SSLC College), le Vancouver International College et la Global Education Alliance, qui resteront sous la gestion de GECC et continueront à orienter les étudiants vers les résidences étudiantes de GECC. GECC possédait SSCC depuis 2007, ayant surmonté avec succès plusieurs défis, notamment la crise économique mondiale de 2008, la pandémie, l'inflation et les restrictions gouvernementales concernant les étudiants internationaux.
Global Education Communities Corp. (OTCQB:GECSF) hat den Verkauf seiner Tochtergesellschaft Sprott Shaw College Corp. (SSCC) an die in Großbritannien ansässige BPP Education Group abgeschlossen. Die Transaktion erfolgt vollständig in bar und umfasst alle 16 Sprott Shaw College-Campus sowie zwei Büros.
Ausgenommen vom Deal sind das Sprott Shaw Language College (das in SSLC College umbenannt wird), das Vancouver International College und die Global Education Alliance, die weiterhin unter GECC verbleiben und Studenten an die studentischen Wohnheime von GECC vermitteln werden. GECC besitzt SSCC seit 2007 und hat erfolgreich verschiedene Herausforderungen gemeistert, darunter die globale Wirtschaftskrise 2008, die Pandemie, Inflation und staatliche Beschränkungen für internationale Studenten.
- None.
- Loss of revenue stream from 16 college campuses and two offices
- Reduction in operational scale and educational portfolio
VANCOUVER, BC / ACCESS Newswire / August 7, 2025 / Global Education Communities Corp. (TSX:GEC)(OTCQB:GECSF) ("GECC" or the "Company") today announced that, further to its news release of July 7, 2025, it has completed the sale of its subsidiary, Sprott Shaw College Corp. ("SSCC"), to BPP Education Group based in the United Kingdom. This all-cash transaction includes all 16 Sprott Shaw College campuses and two offices.
The transaction does not include Sprott Shaw Language College (to be renamed SSLC College) ("SSLC"), Vancouver International College ("VIC"), or Global Education Alliance ("GEA") which remain part of the GECC group of companies. SSLC, VIC and GEA will continue to refer students to GECC's student housing properties, alongside over 95 other colleges and universities in Metro Vancouver.
Comments from Toby Chu, Chairman, President and CEO of GECC:
"We are very pleased to report the closing of this transaction following intensive efforts over the past six months. We are very proud of the success and growth Sprott Shaw College has achieved since we took ownership in 2007. For the past 18 years, GECC and SSCC have navigated major events including the 2008 global economic crisis, the pandemic beginning in 2020, ensuing years of inflation and high interest rates, and government-imposed reductions in the number of international students allowed to enter Canada. Despite these challenges, the college has grown substantially in size with integrity and has gained respect from the global education community. I am confident that Sprott Shaw College will continue to flourish under BPP's ownership.
"GECC's management team is immensely grateful to SSCC's entire team of teachers, staff, and management for their tireless work, unwavering dedication, and loyalty. It has been an honour and a privilege to have served with all the staff of SSCC."
Comments from Graham Gaddes, CEO of BPP Education Group:
"Sprott Shaw College has stood as a pillar of innovation, adaptability and student success for over 100 years. Its long history of providing high quality education to address critical skills gaps is impressive. This acquisition marks an important milestone into BPP's internationalization and meeting the needs of both domestic and international students in British Columbia. We are impressed by the professionalism of the staff and their passion for education, which aligns with BPP Education Group. The acquisition will support SSCC's plans to continue to be agile in meeting the needs of the domestic and international communities, with programs developed with cultural awareness and inclusivity in mind. We admire what Sprott Shaw College has achieved to date and look forward to welcoming the team into the BPP Education Group."
About BPP Education Group
BPP Education Group, a leading global education business and one of the largest privately owned higher education institutions in Europe, delivers practice-focused education and training spanning subject areas across accountancy, data, healthcare, HR, law, management, marketing, technology and more. Established for almost 50 years, it provides training to over 9,500 clients and 100,000 learners each year. From apprenticeships to short courses, continuous professional development, and professional qualifications to degrees, BPP Education Group offers training solutions that fits every type of learner and business.
About GECC:
For over three decades, GECC has stood as a cornerstone of the Canadian education and student housing sector, serving a diverse community of over 6,000 domestic and international students at 24 school campuses, offices and student housing properties operated by GECC and its subsidiaries. GECC's focus is on addressing critical student housing needs through its subsidiary, Global Education City Holdings Inc. ("GECH"), under the brand GEC® Living. GECH is dedicated to developing and managing off-campus student rental apartments and innovative education super-centres across Metro Vancouver. The GEC® robust portfolio, valued at over
GECC's educational arm currently comprises SSLC, VIC, and CIBT School of Business & Technology. These schools offer a wide array of programs in business management, language training, computer science, and finance.
As part of its infrastructure, GECC also owns Global Education Alliance Inc., a subsidiary specializing in recruiting students for elite North American schools and universities, and Irix Design, a prominent design and media communication company based in Vancouver, Canada.
Visit GECC online at www.GEChq.com or www.GECliving.com to explore our services and watch our corporate video.
Check out our video library on YouTube.com: https://www.youtube.com/gecliving
Toby Chu
Chairman, President & CEO
Global Education Communities Corp.
Investor Relations Contact: 1-604-871-9909 extension 319 or | Email: info@GEChq.com
SOURCE: Global Education Communities Corp
View the original press release on ACCESS Newswire
FAQ
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