Anew Learning acquires a school in Östersund

Bure’s group of independent schools, Anew Learning, has today signed an agreement to take over the independent school Primrose Friskola in Östersund. The takeover adds about SEK 26 million to the group’s net sales. The agreement is conditioned by that the Swedish Agency for Education accepts the change of principal.

Primrose Friskola (www.primrose.se) operates a high school and a compulsory school in Östersund with 315 pupils, of which 280 are high school pupils. The school offers high school educations based on social-science and aesthetic programs. The compulsory school comprises of the school grades 7-9. The business will be intergraded with Vittra, which from the start 1993 has developed a unique model with large similarities with the pedagogy that has enabled the success of Primrose Friskola.

Anew Learning is the largest group of independent schools in Sweden, today consisting of Vittra, IT-Gymnasiet, Framtidsgymnasiet and Rytmus. These operations provide education and care for more than 11 500 children and pupils and have a turnover of more than SEK 900 million on a yearly basis. The name Anew Learning and the present organisation were introduced in August 2007, but our operations have during more than 15 years created a solid infrastructure and significant knowledge on running schools with the highest quality.

Gothenburg, 6 November 2007

Bure Equity AB (publ)