December 2014.

CEE Equity Partners purchased majority stake of the BKF University.

The BKF University of Applied Sciences, Budapest is Hungary’s largest private university. It provides education at two faculties, in four main fields of study (communication, business, tourism, art), at undergraduate, graduate and postgraduate levels. The university has around 7,000 students. Since 2011 courses are held not only in Budapest but also in Hódmezővásárhely, at BKF’s Regional Knowledge Center. BKF maintains professional ties with over 70 institutions in 25 countries, including UK, US and Chinese institutions.

CEE Equity Partners manages a fund of USD 500 million. The fund was established by China Exim Bank in partnership with other investors from the Central and Eastern European region including the Hungarian Eximbank. CEE focuses on Central and Eastern Europe, the Baltic States and the Balkan and, on investments ranging from USD 20 million to USD 75 million with a targeted holding period of 3 to 7 years. The Fund focuses on targets in infrastructure, utilities including energy and telecom, specialty manufacturing and industrial services. CEE has completed three deals in 2014. The Fund operates from offices in Warsaw, Budapest and Bucharest.

Following the transaction, the parties will develop the institution’s strategy together.

The sellers were exclusively advised by Concorde MB Partners.