Sale of CEM to the Cambridge University family
BDO is delighted to have been lead advisor to Durham University on the sale of its CEM division to Cambridge Assessment and Cambridge University Press.
CEM is a leading provider of baseline e-assessments to UK and international schools from pre-school to post-16. The division was part of Durham University for over 20 years, with its suite of e-assessments underpinned by academic research into how data and statistics can be used to improve pupil learning.
“The BDO Corporate Finance team delivered an excellent service. From the point of identifying and attracting suitable buyers for a highly-valued part of the University, through to creating a process which focussed on quality, value and ultimate best outcome for all stakeholders. We felt fully guided and supported throughout the entire process by a dedicated team which demonstrated a great understanding of our business and managed the process in a timely and efficient manner. We would have no hesitation in recommending BDO to anyone considering selling a part of their enterprise.”
Jennifer Sewel, University Secretary, Durham University