Spring Education Group


Spring Education Group, is a for-profit private school company based in Saratoga, California. It is majority-owned by Primavera Capital Group, a Chinese-based investmentor. SEG's CEO is Patricia Miller.
SEG's marketing is handled by MGH of Baltimore, Maryland.

History

In 2017 SEG purchased purchased Stratford Schools, which operates pre-k through 8th grade schools in California, for $500 million in a leveraged buyout using $220 million in loans from Macquarie Group. Stratford was previously owned by Warburg Pincus, a private equity group.

Basis Independent Schools

In April 2019 SEG purchased the five Basis Independent Schools based in California, New York City, and Virginia. 190 parents at the pre-K-12 school in Red Hook, Brooklyn and the pre-K-8 school in Manhattan wrote a letter with concerns that Basis was now owned by a Chinese-based private equity group. School tuition was approximately $32,000 per year.

Nobel Learning

In 2018, SEG and China-based Primavera Capital Group purchased Nobel Learning Communities from Investcorp. At the time, Nobel had 25,000 students at 190 schools in 19 states. It was founded in 1983 and purchased by Investcorp and Bahrain's Mumtalakat Holding Company in 2015.
Nobel is based in West Chester, Pennsylvania and was listed on NASDAQ as NLCI. In 2010 their gross revenue was $232 million, with $29 million gross profit, and costs including total personnel costs of $112 million, rent-related costs $59 million, and school operations of $32 million. In 2006 Nobel's gross revenue was $160 million.
In 2010 Nobel purchased an online K-12 private school, Laurel Springs School, based in Ojai, California, for $13 million. It was founded in 1994 and accredited by Western Association of Schools and Colleges in 2000. In 2010 the school's gross revenue was $6.7 million, with personnel costs of $1.5 million.
On April 29, 2009 Nobel was sued in the Eastern District of Pennsylvania US District Court by the Disability Rights Section of the Civil Rights Division of the US DOJ for violating Title III of the Americans with Disabilities Act of 1990 by excluding children with disabilities from its schools and programs.
Nobel also operates Paladin Academy in Florida.
Other schools operated and trademarked by Nobel include Chesterbrook Academy, Merryhill Schools, Discovery Isle Child Development Center, Enchanted Care Learning Center, Camelback Desert Schools, The Honor Roll School, Camp Zone, Rocking Horse Child Care Centers, Southern Highlands Preparatory School, Montessori Corner, HighPointe Children’s Academy, and Houston Learning Academy.

COVID-19

On March 20, 2020, a worker at Touchstone Preschool in Hillsboro, Oregon, operated by SEG, tested positive for COVID-19. The preschool was closed for a deep cleaning and planned to remain closed for 14 days.

Notable schools

Other notable schools operated by SEG include: