Duke Capital portfolio company, Step, sells its subsidiary City Colleges

Duke Capital Ltd (LON:DUKE), a leading provider of hybrid capital solutions for SME business owners in Europe and North America, has announced that its existing capital partner, Step Investments Limited, has successfully completed the sale of its own subsidiary, City Education & Learning Group Limited.

Step is a diversified investment group with core interests in the education, cinema advertising, outdoor digital advertising and radio station sectors across the UK and Ireland. Duke has invested £11.5m of capital in Step since its initial investment in 2018. The Step group includes Pearl and Dean Cinemas Limited, Pearl and Dean Ireland, Wide Eye Media, City Education & Learning Group Limited, Adtower Limited and Bay Broadcasting Limited.

Highlights:

·        City Colleges has been acquired by Planet Education Works (PEN), a leading provider of educational services and solutions, headquartered in London. With a mission to revolutionise education through innovation, PEN operates a diverse portfolio of institutions and online platforms, offering a wide range of programmes and services across the education spectrum.

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