ARTIST & ENTERTAINMENT GROUP BUYS AUSTRALIAN COLLEGE OF ENTERTAINMENT
January 22nd 2008 10:27
Artist & Entertainment Group has acquired the Australian College of Entertainment in Sydney for a total of $270,000 by way of a 100 percent vendor debt facility payable by June 30 2009.
Australian College of Entertainment has been in operation for 19 years, established as a leading performing arts educator in Sydney’s North West region. The school has 200 students generating in excess of $2,400 average revenue per member per annum. The school provides a comprehensive curriculum in dance, acting, and music with programs ranging from $800 per annum to $4,800 per annum.
ACE represents the group’s launch of its small scale acquisitions program whereby smaller schools of between 100 – 500 students are acquired and fully integrated into the Brightstars/ Artist & Entertainment Group operations leveraging off Artist & Entertainment Group’s programs, management and systems.
In addition to the acquisition of Australian College of Entertainment, the company has appointed Glenn Stapleton O’Rourke to head its small scale acquisitions program, overseeing the acquisition and integration of potentially hundreds of small performing arts schools Australia wide.
Stapleton O’Rourke successfully founded and managed the Australian College of Entertainment school and has previously worked in the television and production industries since 1978.
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