CIMB PE backs Malaysian education provider

The capital will be used to institutionalize and grow REAL. The company provides integrated education from pre-school through primary, secondary and tertiary levels. Its business includes the largest owner-operated kindergarten chain in Malaysia with 30 centers, three private and international schools, a college and an English language programs development division.

"We are excited to partner with a trusted name such as REAL as we participate in the attractive growth of the education sector. This investment demonstrates CIMB PE's resolve to be strategic business partners with local and regional leaders, and helping them realize their full potential," said Kenny Kim, group CFO and CEO of group strategy and strategic investments at CIMB Group.

This is the second investment from the CIMB National Equity Fund (CNEF), following a commitment to a local mobile technology solutions provider in 2013. The fund focuses on supporting Malaysian businesses.

A wholly-owned subsidiary of CIMB Group, CIMB PE had more than MYR6 billion in invested and committed capital under management as of December 2013.

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• Topics
• Consumer
• Southeast Asia
• Expansion
• Education
• Malaysia
• CAV Private Equity Management / CIMB Private Equity
• Southeast Asia
• Growth capital