Complex sentence: Followng a restructuring of his holdings in late 2012, Etingen established Global University Systems in 2013 in The Netherlands as a Besloten vennootschap (or BV), which in turn became the owner of the LSBF Group institutions and St Patrick's College through Dutch holding companies.
Split into simpler sentences: Followng a restructuring of his holdings in late 2012, Etingen established Global University Systems in 2013. It is incorporated in the Netherlands as a Besloten vennootschap (or BV) and in turn became the owner of the LSBF Group institutions and St Patrick's College through Dutch holding companies.