University of Law sold by private equity house less than three years after purchase
updated on 04 June 2015
The University of Law has been sold to Global University Systems (GUS) by Montagu Private Equity, less than three years since it was first purchased.
In 2012, the then-College of Law was sold to Montagu for approximately £200 million; the institution was granted university status and rebranded as The University of Law. It is believed that current president and chief executive, John Latham, will remain in his role, with Legal Business reporting that former education secretary David Blunkett will be appointed as the new chair of the board. It follows two magic circle firms choosing BPP Law School over The University of Law as their preferred provider; both Allen & Overy and Clifford Chance confirmed the move in late 2014.
GUS owns at least nine institutions worldwide, including the London School of Business and Finance and the London College of Contemporary Arts. Its founder and executive chairman, Aaron Etingen, said: "The acquisition of The University of Law adds an asset of unique strategic value to GUS. The options review exercise will deliver us a blue-print for one of the most comprehensive private universities in Europe."
In other news, Trowers & Hamlins has confirmed that it will using The University of Law to provide its GDL, LPC and master’s training, leaving Kaplan Law School which had been its provider since 2009.
