Lazco Limited has announced the acquisition of Site Group International (Site) for a US$29 million consideration.
Site is a provider of Australian accredited vocational education to international students through a campus in the Philippines. The group is also developing a business of providing workforce planning solutions in skill shortage areas in Australia, Africa and the Middle East in particular. Site achieves this by providing affordable training for students from developing economies from a centralized location with high standards.
Oaklins' team in Australia was appointed as advisor to a listed "cash shell" on its proposed acquisition of Site Group International, a provider of Australian vocational education to international (mainly Asian) students through its newly established Clark Education City campus in the Philippines. Following the tragic passing of one of Australia's leading mining entrepreneurs, who had substantially funded Site's initial development, Site decided to access public markets through a reverse listing. The Australian team also advised on the associated capital raising.
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