UCW Limited ACN 108 962 152 (UCW or the Company) is an ASX-listed entity operating in the private education sector, with a focus on the international student market. The board includes directors with extensive experience and a successful track record in building private education businesses.
The Company’s strategy is to acquire campus-based education businesses offering high demand or niche accredited courses, that it can add value to and grow through product expansion, geographic expansion, broadening distribution and the addition of different delivery modes such as online. Integration opportunities will also be pursued.
The education sector is highly regulated and is undergoing a structural shift towards privatisation as a result of government reform. It is a fragmented market with many niche providers, presenting opportunity for consolidation.
International student enrolments are continuing to grow as a consequence of Australia’s reputation for quality education institutions and outcomes, increasing international student mobility, Government policy supportive of growing Australia’s education exports and a low Australian dollar, amongst other factors. Australia is a top-5 destination for international students globally and education is our largest service export.
The Company acquired its seed asset, Australian Learning Group Pty Limited (ALG), in March 2016. ALG was founded in 2005 and is a national provider of accredited vocational education to the international and domestic student market in the areas of Fitness, Sport and Recreation Management, Massage Therapy and Dance Teaching. ALG is a Registered Training Organisation (RTO) and a national Commonwealth Register of Institutions and Courses for Overseas Students (CRICOS) provider. It operates through three colleges, the Australian College of Sport & Fitness, the NSW School of Massage and the Australian College of Dance, and offers Certificate III, Certificate IV and Diploma level courses. ALG has campuses in Sydney, Melbourne, Brisbane and Perth.
In January 2017, the Company acquired its second RTO and CRICOS provider, 4Life Pty Ltd (4Life College), as an add-on acquisition to ALG. 4Life College was founded in Adelaide in 2004 and offers certificate and diploma level courses in the field of Community Services to international and domestic students. Its courses include Early Childhood Education and Care, Individual Support, Disability, Ageing Support, Mental Health, Counselling and Community Services, most of which incorporate a work-integrated learning or placement component.
On 17 March 2017, the Company announced that it had entered into a binding share sale agreement to acquire 24.6% of the ordinary shares in Performance Education Group Pty Ltd (Performance Education). The transaction completed on 11 July 2017. Established in 2006, Performance Education is a leading provider of the Professional Year program, designed to assist International graduates of Australia higher education providers in Information Technology and Accounting to gain valuable work skills and experience. Performance Education also offers a number of work-ready and internship programs, both direct to students and under contract to other education providers. Performance Education has operations in Sydney, Melbourne, Adelaide and Perth.