The Dragon School (“the Dragon”) has successfully raised a £30m debt Private Placement with a maturity of 28 years. The proceeds will be used to repay existing loans, as well as to finance new capital projects including its Net Zero Strategy and improvements to school facilities.
Founded in 1877, the Dragon which is located in Oxford is widely regarded as one of the leading preparatory schools in the UK.
This is the first private placement for a Preparatory school in the UK.
Centrus acted as financial advisor to the Dragon, drafting a detailed information memorandum and an investor presentation which were shared with a select group of institutional investors. One investor was selected and terms negotiated to achieve the optimal result for the Dragon.
“We are all delighted with the outcome which will enable the Dragon to invest in its strategic ambitions with confidence, and know that we couldn’t have got there without Centrus’ stewardship, advice and guidance along the way.”Martin Johnson, Chief Operating Officer – Dragon School
“Investors were impressed with the Dragon’s history, scale and track record as well as the quality of its executive and governors. We were delighted to have been appointed to arrange long term finance for the Dragon and the timing of the transaction has proved to be opportune.”Robert St John – Centrus
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