Bellevue Education: Difference between revisions

'''Bellevue Education''' is an international private schools group founded in 2003 and based in London, UK.<ref>{{Cite web|url=https://beta.companieshouse.gov.uk/company/04924426|title=Company House|date=Company address|website=Company House|url-status=live}}</ref> By 2019 it has grown to consist of 19 schools in the UK and 1 each in France and Switzerland.<ref name="EdInvestor2012">{{cite news|title=Bellevue Education continues empire building|url=http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012|accessdate=9 November 2014|work=Education Investor Website|publisher=Education Investor|date=22 October 2012}}</ref><ref>{{Cite web|url=http://www.blvue.com/our-schools/|title=Bellevue Schools|website=Our Schools|url-status=live}}</ref> The Group also provides educational support to Bellevue Place Group,<ref>{{Cite web|url=https://www.bpet.co.uk/|title=Bellevue Place Trust|website=Bellevue Place Trust|url-status=live}}</ref> a group of [[Free school (England)|Free Schools]] to which Bellevue's CEO, Mark Malley, and its Group Schools Director, Steve Wade, are Trustees.<ref>{{Cite web|url=https://www.bpet.co.uk/about-us/trustees/|title=Bellevue Place Trustees|website=Our Trustees|url-status=live}}</ref> The group's early growth was driven by funding derived largely from Tarek Obaid, the founder of the oil company PetroSaudi, which has been implicated in the [[1Malaysia Development Berhad scandal]].<ref name="thesundaytimes.co.uk">Jon Ungoed-Thomas and Josh Boswell for the Sunday Times 10 April 2016 [http://www.thesundaytimes.co.uk/sto/news/uk_news/National/article1686389.ece Saudi oil tycoon revealed as investor in schools company]</ref><ref name="sarawakReport">{{cite web|title=How 1MDB's Stolen Money Funded Top UK Private Schools|url=http://www.sarawakreport.org/2016/04/how-1mdbs-stolen-money-funded-top-uk-private-schools/|website=sarawakreport.org|publisher=Sarawak Report|accessdate=12 April 2016}}</ref> Bellevue Education was acquired by GEMS Education in 2018, and is a UK and European subsidiary of the Group.<ref name=":0">{{Cite web|url=https://www.theassignmentreport.com/articles/20180831_27|title=GEMS Global completes acquisition of a controlling stake in Bellevue Education|website=Assignment Report|url-status=live}}</ref> In 2019, CVC acquired a 30% stake in GEMS Education, which also includes its stake in Bellevue Education.<ref name=":1">{{Cite web|url=https://www.ft.com/content/ab178020-a309-11e9-a282-2df48f366f7d|title=CVC-led consortium to take 30% stake in Dubai's GEMS Education|website=Financial Times|url-status=live}}</ref>

In 2012, Bellevue Education Group was reported to be jointly owned by Mark Malley, with a 35% stake, and its chairman Marwan Naja, owner of Plato One Ltd and Plato Two Ltd.<ref name="EdInvestor2012" /> Further investment in that year by Plato Two Ltd coincided with the establishment of Bellevue Education International Limited, of which Bellevue Education Group became a wholly owned subsidiary.<ref name="2011AnnualAccounts">{{cite web|title = Bellevue Education Limited – Annual Accounts|url = https://www.companiesintheuk.co.uk/company/documentextract/56750437|website = Companies in the UK|publisher = Bellevue Education Group Limited|accessdate = 9 November 2014|archive-url = https://web.archive.org/web/20141110003623/https://www.companiesintheuk.co.uk/company/documentextract/56750437|archive-date = 10 November 2014|url-status = dead}}</ref><ref name="Shareholders">{{cite web|title = Bellevue Education International Limited: Shareholders|url = http://companycheck.co.uk/company/08028529/BELLEVUE-EDUCATION-INTERNATIONAL-LIMITED/group-structure|website = Company Check|accessdate = 9 November 2014}}</ref> The parent company completed the acquisition of a Swiss boarding school, Surval Mont-Fleuri, subsequently renamed as [[Surval Montreux]].<ref>{{cite news|url=http://www.educationinvestor.co.uk/ShowArticle.aspx?ID=3012|title=Bellevue Education continues empire building|date=22 October 2012|work=Education Investor Website|publisher=Education Investor|accessdate=9 November 2014}}</ref> The group's early growth was driven by funding derived largely from Tarek Obaid, the founder of the oil company PetroSaudi, which has been implicated in the [[1Malaysia Development Berhad scandal]].<ref name="thesundaytimes.co.uk"/><ref name="sarawakReport"/>