Phuket International School  Eyed For Takeover

British International School Phuket is reportedly in talks with a global educational provider who is bidding to take over operations.

In a letter addressed to parents last week the schools CEO Mr. Apiwat Ourairat stated that an MoU had been signed with Nord Anglia over a potential lease of the operating entity of the school.

Furthermore that due diligence was taking place and the outcome was currently under negotiation. It was clarified that the school ownership would remain with the current company and that a portion of funds from any potential lease would be reinvested in a significant upgrading of the facility.

Nord Anglia is a global firm focused on international institutions with 42 located across the globe. In Thailand their network includes St. Andrews International School Bangkok and Regents International School Pattaya.

Other Asian operations are located in Hong Kong, Mainland  China and Singapore, while on a  broader basis their footprint covers the US, Switzerland, Spain and the Middle East.

Nord Anglia was founded in the U.K, it is now headquartered in Hong Kong, and is a listed company on the New York Stock Exchange.  

The Phuket international schools market is continuing to grow as was reflected in C9 Hotelworks report recently and the attraction of large international groups is a plus given positive investment sentiment is indicated for the sector.