Navitas sells part of SAE to AD Education
The European network of schools “is as passionate about the creative arts, media and digital” as Navitas, with campuses in France and Italy and courses in areas such as art and design, entertainment and games, audio-visual technology and advertising.
“Since acquiring SAE in 2011, it has been a special part of Navitas’ business, and in the 10 years since Navitas acquired it, SAE has grown significantly to become the ‘key player in creative media higher education globally,’ said Scott Jones, CEO of Navitas.
“This transaction reflects that success and provides the best outcomes for SAE students and staff in the UK and continental Europe for further opportunity and growth,” he continued.
SAE offers courses of varying lengths in areas of study such as electronic music production, content creation, animation, film, games, and web design.
The sale is expected to be finalized before the end of the first half, “subject to regulatory approvals”.
The transaction follows a series of announcements from Navitas during the pandemic, such as its partnership with Ryerson University in Canada, UA92 and most recently Keele University in the UK.
ArdianAD Education’s parent company, will take over SAE’s UK and European operations, while Navitas will retain the company’s operations in Australia, New Zealand, Canada and the US – alongside its network of “Authorized Education Partners” who operate under the SAE brand.
AD Education was sold to Ardian in December 2020.
“AD Education is a fantastic education company based in Europe, as passionate as we are about creative arts, media and digital, and well positioned geographically to meet student needs, engage with local industry and navigate in the region’s unique regulatory environments,” explained Jones.
“Essentially, a coexistence agreement will ensure that we continue to align on brand, marketing and management and invest in the continued growth of the SAE global brand,” he added.