Education
Australia’s BGH closes in on Navitas buyout
Australian education services provider Navitas has agreed to a A$2.1 billion ($1.5 billion) buyout offer from BGH Capital, AustralianSuper, and Rod Jones, the company’s co-founder and CEO.
General Atlantic, Tencent invest $31m in India’s Byju’s
Indian educational technology provider Byju’s has raised a INR2.14 billion ($31 million) round of funding from existing investors General Atlantic and Tencent Holdings.
Warburg Pincus to buy India education finance business
Warburg Pincus has agreed to acquire an 80% stake in Avanse Financial Services, an India-based non-banking finance company (NBFC) focused on education.
M12 leads Series B for Australian training platform
M12, the VC arm of Microsoft, has led an approximately $21 million Series B round for GO1, an Australian workforce services technology start-up focused on corporate training.
Deal focus: Google offers AI expertise to Elsa
Google brings technological expertise as well as financial backing to its investment in Vietnam-based English education provider Elsa
Google joins $7m round for Vietnam's Elsa
Gradient Ventures, a VC arm of Google focused on artificial intelligence (AI), has led a $7 million Series A round for Vietnam-based English language education technology provider Elsa.
Ardian buys Australia's Study Group from Providence
Study Group, an Australia-headquartered group that prepares international students for university degree programs, will have its third consecutive private equity owner after Ardian agreed to buy the business from Providence Equity Partners.
Chinese online K12 education provider raises $350m
Zhangmen, a Chinese online tutoring platform aimed at elementary through high school students, has raised $350 million in the first tranche of a Series E funding round.
Intudo closes second Indonesia fund at $50m
Intudo Ventures has closed its second fund focused exclusively on Indonesian early-stage companies at $50 million. The firm raised $20 million for its debut vehicle last year.
China's Gobi makes its first two Philippines investments
China’s Gobi Partners has made its first investments in the Philippines with early-stage commitments of undisclosed size for online healthcare services provider Maria Health and student portal operator Edukasyon.
Ascent Capital launches Myanmar PE fund
Ascent Capital, a Singapore-based private equity firm set up last year with a focus on Myanmar, has formally launched its debut fund with about $50 million in confirmed commitments.
PE-backed Shenzhen Scholar files for Hong Kong IPO
Shenzhen Scholar Education, a Chinese after-school tutoring business backed by CRE Alliance, has filed for an IPO in Hong Kong.
Baring Asia, Onex to list Clarivate through reverse merger
Baring Private Equity Asia will list Clarivate Analytics – an education business it acquired from Thomson Reuters in conjunction with Onex Corporation – through a merger with a special purpose investment vehicle that trades in New York.
Australia's BGH wins board approval for Navitas deal
BGH Capital is close to announcing its first deal after a revised offer of A$2.1 billion ($1.5 billion) for Australian education services provider Navitas won backing from the company’s board.
Sequoia leads $40m round for Indian edtech company
Sequoia Capital India has led a $40 million Series C funding round for Eruditus Executive Education, a developer of education technology based in India, with participation by existing investor Bertelsmann India Investments.
Malaysia's Ekuinas launches fourth fund at $242m
Malaysian government-backed private equity firm Ekuinas has set up its fourth fund with MYR1 billion ($242 million) and an option to increase the corpus to MYR1.5 billion.
Chinese online education start-up Yuanfudao raises $300m
Tencent Holdings has led a $300 million round of funding for Chinese online education start-up Yuanfudao, propelling the company to a valuation in excess of $3 billion.
India's PE-backed Byju's raises $400m
Indian online education start-up Byju’s has raised a $400 million funding round led by Naspers Ventures, an investment arm of South African media conglomerate Naspers.
Centurium leads $100m round for China education platform
Zhangtong Jiayuan, a China-based online education platform, has raised $100 million in Series D round led by Centurium Capital, a private equity firm established by ex-Warburg Pincus China head David Li.
Omidyar leads $11m Series B for India's Vedantu
Omidyar Network has led an $11 million Series B funding round for Indian educational technology start-up Vedantu.
Chinese financial education business receives $115m Series C
Golden Education, which claims to be China’s largest professional financial education provider, has received RMB800 million ($115 million) in Series C funding led by Hillhouse Capital and Morgan Stanley.
China's H Capital targets $700m for fifth fund
China-focused venture capital firm H Capital, founded by former Tiger Global managing partner Xiaohong Chen, is targeting $700 million for its fifth vehicle, according to a regulatory filing.
Tiger Global leads round for China online music tuition business
VIP Peilian, a Chinese online music education platform, has raised $150 million in a Series C round of funding led by Tiger Global Management.
UK-based Social Finance to raise $2b for India impact investing
Social Finance, a globally focused impact investor based in the UK, plans to raise $2 billion for investments in India across two vehicles focused on education and local micro, small and medium-sized enterprises (MSMEs).