LONDON 24 FEBRUARY: Pearson, the world’s learning company, today announces that it has initiated processes to explore a potential partnership for its English language learning business Wall Street English (WSE) and the possible sale of its English language learning business GEDU. These processes are at an early stage and there is no certainty that they will lead to transactions.
The announcement forms part of Pearson’s strategic shift away from large scale direct delivery services to focus on more scalable online, virtual, and blended services. Pearson has appointed Moelis & Company to advise on both of these processes.
WSE is a market leader in China with a strong reputation and significant growth capacity. A business partner with the right expertise, relationships and investment will allow the business to scale more quickly and take greater advantage of the fast growing demand for English private language schools in key markets around the world.
Pearson remains committed to English language learning, which represents an important part of the company’s portfolio. Pearson will continue to invest in world-class educational products that meet the needs of English language learners worldwide - with a focus on blended learning products built around personalised learning and outcomes. Pearson will also continue to build its digital English language presence using the core methodology of its bespoke Global Scale of English (GSE) as the unifying thread.
China remains a significant market for Pearson. Pearson will continue to fully own and manage its successful learning services business.
Tom Steiner +44 (0) 20 7010 2793