In June 2015, Montagu Private Equity sold the university to Global University Systems (GUS) for an undisclosed sum. Former UK Education and Employment Secretary and Home Secretary David Blunkett, at the time a visiting lecturer at the London School of Business and Finance (also owned by Global University Systems), was named Chairman of the Board. The University of Law announced the launch of its De Broc School of Business in July 2015, but it had to defer the first intake of students (originally planned for September of that year) due to low student recruitment.