In February 2013, Waterman Capital took a 24% Shareholding in ACG, and Executive Director of Waterman Capital Matt Riley joined the Board.[6] Waterman was among the shareholders who agreed to sell ACG to Pacific Equity Partners.[7] On May 2015, the National Business Review released a statement that ACG had appointed UBS and Macquarie to run the sale process.[8] On 17 September 2015, Pacific Equity Partners announced they had agreed to acquire ACG for an undisclosed sum.[9] In April 2017, ACG Education announced their purchase of English language school, The Campbell Institute.[10] On 1 July 2017 ACG Education purchased Intueri Education Group's seven New Zealand vocational colleges.[6]