Discussions regarding public offer between AcadeMedia and Providence

Discussions regarding public offer between AcadeMedia and Providence

AcadeMedia states today in a press release that discussions regarding a public
offer are being held with Providence, an American private equity firm. The
discussions are being held between Providence and the board of AcadeMedia where
Bure equity AB (“Bure”) is the largest shareholder with 13, 58 percent of the
shares. 

Providence has not made any public offering, but has indicated that this is
likely to come. Bure has irrevocably undertaken to accept any such offer on the
terms specified.

As the largest shareholder, Bure have in the recent years played an important
role in AcadeMedias development. Bure has been active in the education sector
since 1999 when Bure acquired Vittra Education, now the largest activity within
the AcadeMedia group. Through its strong position in the Swedish market,
AcadeMedia have created a stable platform for further development and growth. 

“AcadeMedia has shown strong growth in recent years and the strategy the board
and management have worked with has given good results. The company is the
market leader in Sweden and now faces an important strategic issue of how to
develop their business internationally. A owner like Providence, could help
AcadeMedia develop in the international arena, which I think would be exiting
both for AcadeMedia, and for the industry. 
AcadeMedias knowledgebase is certainly interesting beyond Sweden's borders and
as a representative of the company's largest shareholder I am pleased to note a
significant and serious interest from Providence. Providence currently owns
several companies active in the education sector and has shown great
understanding of the importance of sustainability and financial strength with
regard to activities in the sector.” said Patrik Tigerschiöld, CEO  Bure.


Stockholm April 6th, 2010
Bure Equity AB (publ)

For additional information, please contact: 
Patrik Tigerschiöld, CEO 
Telephone +46 -8 -614 00 20 


More information about Providence interest to make a public offer is available
on AcadeMedias website www.academedia.se