A 63-year-old private school in Iraklio, Crete, has become the 10th Greek private school acquired by foreign capital since 2024, as London-based fund Forfar Education reached an agreement to purchase To Pagkritio – its second Greek acquisition after Rodion Pedia.
The wave of foreign buyouts now spans 10 institutions – eight based in Athens and Thessaloniki – with groups including Inspired Education, ISP, Cognita and Dukes Education among the buyers.
Investment in Greece’s private education sector has exceeded €1 billion over the past two years, according to the president of the Association of Private Schools, Charalampos Kyriakidis, who cited political stability and economic growth as key drivers.
Greek statistics show private school enrollment rose since 2020, even as total student numbers declined due to demographic contraction.
