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Tesonet and INVL Fund to Acquire Lithuania's Šiaurės Lyceum Network
🇱🇹 Lithuania /Culture & Society

Tesonet and INVL Fund to Acquire Lithuania's Šiaurės Lyceum Network

From Delfi · () Lithuanian

Translated from Lithuanian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Tesonet and INVL fund will acquire the Šiaurės Lyceum network through a joint venture called "Kurianti karta."
  • The deal, pending Competition Council approval, is expected to conclude by year-end.
  • The new owners plan to invest in facilities and educational quality to develop private education in Lithuania.

Tesonet and INVL fund are set to acquire the Šiaurės Lyceum network, a move that signals a significant investment in Lithuania's private education sector.

The acquisition will be carried out through a joint venture named "Kurianti karta" (Creating Generation). The transaction is slated for completion by the end of the year, contingent upon receiving approval from the Competition Council. This development marks a new chapter for the Šiaurės Lyceum network, as the future owners express a strong commitment to enhancing private education within Lithuania.

Plans include substantial investments in both the physical infrastructure of the schools and the overall quality of education provided. The head of Šiaurės Lyceum expressed optimism about the partnership, stating that the new owners will aid in future planning while assuring that the school's core values will be preserved. This collaboration is expected to foster the development of high-quality private schooling.

The new partner will help plan the future, and the school will preserve its values.

— Head of Šiaurės LyceumCommenting on the acquisition and future prospects.
DistantNews Editorial

Originally published by Delfi in Lithuanian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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