The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Welcome stories


19 December 2012
19/12/2012 London Stock Exchange Group welcomes Alpha Plus Holdings plc to the Order Book for Retail Bonds, the first secured bond available to investors

London Stock Exchange Group (LSE Group) today welcomes Alpha Plus Holdings plc (Alpha Plus), a leading provider of private education, to its Order Book for Retail Bonds, with the launch of its secured 5.75% 2019 retail bond, which raised £48.5 million.

The bond is secured against a portfolio of freehold Central London real estate comprising a number of its schools. Alpha Plus is owned by DV4 Limited which is advised by Delancey Real Estate Asset Management Limited. The Group owns and operates 19 high quality independent schools, nurseries and sixth form colleges throughout the UK.

Alpha Plus open the London markets

Sir John Ritblat, Chairman of the Board of Directors of Alpha Plus, Chairman of The London Business School and former Chairman of The British Land Company PLC, said:

“We are very pleased to be the first privately held and unrated company to have issued a retail bond, as well as the first company to have issued a retail bond with security.  We believe the success of the offer is a clear reflection of the quality and strength of the Alpha Plus business, its management team and its reputation for delivering a Gold Standard in education provision. Furthermore, it underlines the attractions to bond holders of securing the bond against a high quality portfolio of London schools.”

Graham Able, Chief Executive Officer, Alpha Plus, added:

“The Alpha Plus Group has developed a strategy which focuses on organic growth, strategic acquisitions and delivering a ‘Gold Standard’ educational offering for pupils.  Parents choose schools on their reputation and place particular emphasis on examination results and the destinations of leaving pupils. We are delighted to have secured financing which liberates us from the restrictive covenants required by banks and which will allow us the flexibility to run the company and look for suitable expansion opportunities.”

.

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds