In early September, Zurich-based Jacobs Holding, the investment firm established by Swiss billionaire Klaus Jacobs, bought UK private schools chain Cognita from private equity fund KKR and Bregal Investments for £2 billion.
This is the family office’s largest takeover to date, for which it fought off competition from other buyout firms understood to include CVC Capital Partners.
Jacobs Holdings’ sole beneficiary is the Jacobs Foundation, a charity focused on child development and learning.
The Cognita investment is an interesting move by the family office that is better known for its controlling stake in Barry Callebaut, the world’s largest cocoa manufacturer.
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