Maven Capital Partners has exited WaterBear Education, a specialist higher education provider for musicians and creative artists, after it was sold to School of Arts – a private higher education group focused on performing and visual arts across France and Belgium.

The music education provider now serves more than 1,000 students across Brighton and Sheffield.

The transaction is expected to deliver a total money multiple of 3.0x for the Maven VCTs and 1.6x for the first Northern Powerhouse Investment Fund, including an element of deferred consideration.