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Hong Kong, China/Charlottesville, USA — WorldStrides has acquired CBL International of Oxford, England, Hong Kong and Shanghai, China. CBL is the leading provider of specialized summer study programs in business, law, science and global affairs tailored to enrolled college and graduate school students.
CBL operates programs at Oxford and Cambridge (United Kingdom), Dubai and Abu Dhabi (UAE), Sydney (Australia), India, and at several leading universities in China. Customers include students from across the globe, including substantial contingents of law and business students from the majority of the Chinese elite universities.
Founded in 2007, CBL distinguishes itself through the quality of the faculty that it draws from its host universities, as well as their unique educational content and curriculums. CBL has been one of the fastest growing companies in their segment for the last four years.
“We could not be more pleased to welcome CBL to the WorldStrides family,” said Jim Hall, President and CEO of WorldStrides. “The union of these two outstanding organizations will enhance the experience of current and future students from around the globe and allow WorldStrides to significantly expand our offerings for undergraduate and graduate university students.”
Dominik Wanner, CEO and Founder of CBL added, “We are thrilled to be joining the WorldStrides team. Our companies share a common mission of providing outstanding international study abroad opportunities to students from around the world. We are excited to be joining an organization with such a well-established track record of serving students of all ages, but particularly with one that is already running programs for nearly all of the top US business schools. Together we look forward to reaching even more students from around the globe.” Dominik and his management team will continue in leadership roles with WorldStrides.
Carlsquare initiated the transaction and advised the shareholders of CBL International on the transaction with WorldStrides.
About CBL International
CBL International provides tailor-made individual university courses, executive conferences, and summer schools at various destinations around the world. CBL International cooperates locally with universities, law firms and multinationals to prepare short but extensive programs that introduce topics and locations to our worldwide group of delegates. For further information about CBL International, please visit www.cbl-international.com.
WorldStrides, headquartered in Charlottesville, VA, is the largest educational travel organization in the United States. The company was founded by a middle school teacher in 1967 and now provides unique programs for more than 350,000 students annually. WorldStrides operates out of 22 locations around the world, including offices in the U.S., U.K., Canada, Australia, China and Chile. For further information about WorldStrides, please visit dn.educationaltravel.com.
About Carlsquare & Globalscope
Carlsquare and the international M&A network Globalscope offer integrated cross-border M&A consulting services for medium-sized transactions. Carlsquare – a partner led corporate finance firm – advises businesses and shareholders to realise their strategic objectives ensuring the highest level of quality. Carlsquare is based in Hamburg and Munich with 22 employees. Globalscope has 45 members in 38 countries with more than 500 professionals worldwide. For further information about Carlsquare, please visit www.carlsquare.com.