Graham Holdings Sells Kaplan Languages Group to Inspirit Capital

GHC
April 20, 2026

Graham Holdings Company (GHC) announced that it will sell its Kaplan Languages Group (KLG) to Inspirit Capital, a specialist investor in corporate carve‑outs. The transaction, which is expected to close on May 1, 2026, includes Kaplan International Languages, Alpadia Language Schools, Azurlingua, and ESL Education, all of which have been part of GHC’s education division.

The sale represents a strategic divestiture of a non‑core asset, allowing GHC to reallocate capital toward its higher‑growth healthcare and manufacturing businesses. GHC’s education division generated $410.1 million in revenue in Q4 2025, with Kaplan contributing an operating income of $24.6 million. Management has indicated that the transaction is expected to be accretive to earnings, providing cash that can be deployed into the company’s expanding healthcare and manufacturing segments.

Inspirit Capital, which typically targets carve‑outs with an enterprise value of up to GBP 100 million, has not disclosed the financial terms of the deal. The investor plans to support KLG’s growth and may develop a refreshed standalone brand identity, positioning the group for independent expansion.

The transaction underscores GHC’s ongoing focus on streamlining its portfolio and concentrating resources on core high‑growth areas, while giving KLG a dedicated platform to pursue its own growth trajectory. No market reaction has been reported at this time.

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