Udenna in buying binge, acquires Enderun Colleges
Udenna Corporation, holding company of businessman Dennis A. Uy, continues its buying binge — this time finalizing the acquisition of Enderun Colleges, Inc.
The purchase of the premier private education institution marks Uy’s deeper foray into a sector crucial to developing the country’s human capital and strengthening the Philippine economy.
“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.
Enderun Colleges was established in 2005 and 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 Dr. Edgardo Rodriguez, President of the College.
He added that, “Enderun Colleges has built an impeccable reputation and has surpassed all its quality goals, but the time has come to explore new growth opportunities, which the new ownership may be able to accelerate.”
Prior to acquiring Enderun Colleges, Udenna invested in a maritime training school to support its shipping and logistics businesses. Udenna’s recent investments in the hospitality sector make Enderun an integral part of its growth strategy.
“Our acquisition of Enderun Colleges comes at an opportune time. It supports our aggressive expansion in industries vital to the Philippine economy’s further growth,” said Uy.
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.