Spring Education Group
Spring Education Group (SEG), is a for-profit private school company based in Saratoga, California. It is majority-owned by Primavera Capital Group, a Chinese-based investmentor. SEG's CEO is Shawn Weidmann. History In 2017 SEG purchased Stratford Schools, which operates pre-k through 8th grade schools in California, for $500 million in a leveraged buyout using $220 million in loans from Macquarie Group. Stratford was previously owned by Warburg Pincus, a private equity group. BASIS Independent Schools In April 2019 SEG purchased the five BASIS Independent Schools based in California, New York City, and Virginia. 190 parents at the pre-K-12 school in Red Hook, Brooklyn (opened 2014) and the pre-K-8 school in Manhattan (opened 2017) wrote a letter with concerns that BASIS was now owned by a Chinese-based private equity group. School tuition was approximately $32,000 per year. Nobel Learning In 2018, SEG and China-based Primavera Capital Group purchased Nobel Learning Communities fro ...
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Saratoga, California
Saratoga is a city in Santa Clara County, California. Located in Silicon Valley, in the southern Bay Area, its population was 31,051 at the 2020 census. Saratoga is an affluent residential community, known for its wineries, restaurants, and attractions like Villa Montalvo, Mountain Winery, and Hakone Gardens. History The area comprising Saratoga was earlier inhabited by the Ohlone Native Americans. In 1847, European settlers created a settlement at what is now Saratoga when William Campbell (father of Benjamin Campbell, the founder of nearby Campbell, California), constructed a sawmill about southeast of the present downtown area. An early map noted the area as Campbell's Gap. In 1851, Martin McCarthy, who had leased the mill, built a toll road down to the Santa Clara Valley, and founded what is now Saratoga as ''McCarthysville''. The toll gate was located at the present-day intersection of Big Basin Way and 3rd St., giving the town its first widely used name: ''Toll Gate''. I ...
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