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Media Release
19 March 2015 (AEST)
Study Group adds Endeavour Learning Group to its brand portfolio to
leverage growth of health, beauty and fitness industries
Study Group is pleased to announce its acquisition of Endeavour Learning Group (ELG), one of
Australia's leading providers of higher education and vocational training in the health and wellness
sector.
Under the terms of the purchase agreement, Study Group will pay a AUD 65 million cash payment
at completion (subject to certain working capital adjustments) and up to AUD 10 million contingent
deferred consideration.
Study Group’s existing Australian Institute of Applied Sciences (AIAS) is the leading provider of
vocational education in Australia in natural health and its Australian College of Physical Education
(ACPE) is the leading provider of Higher Education courses in sports, health and physical
education. The acquisition of ELG reinforces Study Group’s position as the leading provider of
higher education in natural health, fitness and beauty in Australia, by strengthening its brand
portfolio and broadening its programme offering to current and prospective students.
ELG’s brands across health, fitness and beauty include: Endeavour College of Natural Health, FIA
Fitnation and the College of Natural Beauty. With six campuses across Australia and two in New
Zealand, ELG is highly regarded and known for providing quality education in this market.
The sale is conditional on notifications to the Australian Skills Quality Authority (ASQA), the Tertiary
Education Quality and Standards Agency (TEQSA) and the Federal Department of Education and
Training.
“ELG strongly complements our already established brand portfolio. The Endeavour College of
Natural Health is Australasia’s leading provider of natural health Higher Education.” says David
Leigh, Chief Executive Officer, Study Group.
Mr Leigh added “Its suite of Bachelor Degree courses offers a lifelong education pathway to
students studying certificate and diploma courses in natural health at our Australian Institute of
Applied Science. Similarly we can offer the Diploma students at FIAFitnation with pathways into
market leading degree courses in sport, health and fitness at our Australian College of Physical
Education.”
Warren Jacobson, Managing Director, Australasia, Study Group said, “We are excited by the
opportunity to grow the ELG brands by leveraging our investment in new programme development,
Media Release
online learning capability and marketing. We are confident that the enlarged business will offer
employees challenging and exciting opportunities, whilst for ELG students, this change in
ownership can give them the utmost confidence in the quality of their education experience and
outcome.”
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Media inquiries:
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Craig Badings
SenateSHJ
0413 946 703
Kristy Chilman
Study Group
02 9739 3342
About Study Group
Study Group prepares students for life in a global society and success in a global economy. We
educate students from every corner of the globe enabling them to realise their potential through a
transformational learning experience. Study Group is a leading international provider of higher
education courses, career education and English language programmes.
Study Group has developed a market-leading network of alliances with internationally recognised
academic institutions across Australia, Canada, Ireland, the Netherlands, New Zealand, the United
Kingdom and the United States. Through these, we deliver programmes to more than 63,000
international students from more than 145 countries each year. These programmes include high
school and university foundation and first year university diplomas in our Higher Education division;
vocational training and education that prepares students for jobs in trade and professional positions
in our Career Education division; and English language courses in our Language Education
division.
For further details, please visit: www.studygroup.com