Udenna Corp. of Davao-based businessman Dennis Uy finalized the acquisition of premier private school Enderun Colleges Inc. for an undisclosed amount.
Udenna said in a statement the acquisition of Enderun was a part of its overall growth strategy to develop the country’s human capital and strengthen the Philippine economy.
“Our acquisition of Enderun Colleges comes at an opportune time,”Uy said. “It supports our aggressive expansion in industries vital to the Philippine economy’s further growth.”
“Enderun Colleges provides us another opportunity to support the Philippine economy’s growth. We believe that quality education and skills training are what make our human capital more productive and competitive,” Uy said.
Udenna will retain the corporate management and school administration of Enderun Colleges. It will work closely with the college’s founders to ensure a smooth, efficient and successful transfer of ownership.
“We are committed to the mission of Enderun Colleges to equip students with the academic training, professional competencies and character necessary for success in the global workplace,” Uy said.
Prior to acquiring Enderun Colleges, the company invested in a maritime training school to support its shipping and logistics businesses.
Enderun Colleges was established in 2005, with its main campus located on a 1.8-hectare property in Fort Bonifacio. The Enderun campus now houses six buildings and can accommodate an additional 8,200 square meters of classroom space.
The school initially focused its academic programs around hospitality management and culinary arts. In 2009, it expanded its course offerings to include business administration, entrepreneurship and economics.
Aside from offering degree and certificate programs, Enderun Colleges operates food and beverage outlets within and outside its campus. It also provides management services and marketing solutions to the hospitality sector.
“In 10 years, Enderun Colleges has established itself as a premier management school, anchored on holistic leadership development, global orientation and career-focused academic programs while providing its students a vibrant college life,” said Enderun president Edgardo Rodriguez.