ILAC is a leading English language school that offers language programs, pathway programs and vocational college programs in its modern, boutique campuses in Toronto and Vancouver, Canada.






August 2019 - Present


Adam Shantz

Mark Gordon

ILAC Education Group Hero

Transaction Summary

ONCAP acquired a majority stake in ILAC Education Group ("ILAC"), in partnership with ILAC's founders and management, in August 2019.

Business Description

ILAC is a leading Canadian provider of education to international students. ILAC offers a comprehensive ecosystem of programs, from college degrees to youth summer camps and online learning, including a higher education business with public private partnerships with Georgian and Fanshawe colleges.

Investment Thesis

ONCAP was attracted to ILAC due to its: (i) market-leading position in Canada and globally recognized brand; (ii) excellent culture focused on the student experience; (iii) track record of market-leading growth; (iv) strong and committed management team; and (v) attractive cash flow characteristics. ONCAP, in partnership with management, aims to create value by expanding ILAC's course and ancillary service offering, opening new campuses and pursuing consolidation opportunities in this highly fragmented industry.