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Human Holdings to acquire majority stake in IH Pacific Group

Japanese education company, Human Holdings, is to become a majority shareholder in the International House (IH) Net Pacific Group, which includes three IH schools in North America.

The deal, reported in the Japanese media last week and expected to complete next month, will see Human Holdings acquire a controlling interest in the Net Pacific Group of International House and their affiliated schools in San Diego, USA, and Vancouver and Whistler, Canada. The group comprises three English language schools, a career training college and a modern language school.

 

Current shareholder and Director, Jeff Romonko, will remain as company Director and minority owner in the IH Net Pacific Group.

 

In a statement, Net Pacific Group said that Human Holdings was not planning to make any major operational changes in the schools, but rather would focus on continued programme development and growth. "The purchase is a means of diversification for them and will offer competitive strength and strategic growth to the acquired schools," said the company.

 

Jeff commented, "We at Net Pacific Group are excited to enter into this new venture with Human Holdings. Their corporate values align very closely with ours, and we feel the synergies in our organisations will strengthen our growth trajectory and increase the range of offerings to our students.

 

"We will continue with business as usual and as an affiliate of the International House World Organisation, while updating and modernising our programmes with the help of Human Holding's overall capacity and vision."

 

Japan-based Human Holdings has interests in the education, recruitment nursing and entertainment sectors, and operates institutions including Human Academy Japanese Language School in Tokyo, a vocational college and a preparatory school for Japanese students planning to study overseas.

 

 

By Matthew Knott

News Editor