Education
VCs commit $15m to Chinese art tuition start-up
Chinese online art tutoring services provider Meishubao has raised $15 million in the third tranche of a Series B round led by BHG Long Hills Capital.
BGH consortium bids $1.4b for Australia's Navitas
BGH Capital has made a A$1.97 ($1.4 billion) bid for Australian education services provider Navitas in conjunction with AustralianSuper and Rod Jones, the company’s co-founder and CEO.
China's Liulishuo posts modest gain following $72m US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, ended its first day of trading on the New York Stock Exchange up 1.2%.
Hillhouse leads $55m round for Chinese online education start-up
Kaochong, a Chinese online learning services provider that targets university students, has secured a $55 million Series D funding round led by Hillhouse Capital, with participation from Tencent Holdings and Matrix Partners China.
China language learning app Liulishuo files for US IPO
Liulishuo, a Chinese English language learning app that uses artificial intelligence (AI) to deliver customized teaching solutions for adults, has filed to list in the US.
Myanmar's Anthem reaches first close on SME fund
Myanmar private equity firm Anthem Asia has reached a first close of $34.5 million on its debut fund, which will invest locally in small to medium-sized enterprises (SME).
China's Koala Reading raises $20m Series B round
Beijing Xiangyue Education Technology, operator of the Koala Reading platform that assesses the difficulty of Chinese language texts and helps schools create digital libraries, has received $20 million in Series B funding.
Gaja invests $25m in India's Educational Initiatives
Gaja Capital has made a commitment of $25 million to Educational Initiatives (EI), an India-based developer of educational technology and assessment tools.
Keppel Capital launches $147m Asia education sector fund
Keppel Capital, the asset management arm of Singapore-based Keppel Corporation, will launch an investment fund focused on education assets alongside Singapore-based preschool operator MindChamps.
Navis to sell stake in Singapore's White Lodge Education
Navis Capital Partners has agreed to sell a 70% stake in White Lodge Education Group Services, a Singapore-based preschool and kindergarten operator, for S$13.3 million ($9.8 million).
Coatue leads $350m round for China education player Zuoyebang
Coatue Management has led a $350 million Series D round of funding for Zuoyebang, a Chinese K-12 education platform that spun out from domestic search giant Baidu.
India’s Unacademy raises $21m Series C round
Indian online education platform Unacademy has raised a $21 million Series C round of funding from a group of investors led by Sequoia Capital India.
Morgan Stanley, Banyantree invest $75m in India's Nspira
Morgan Stanley Private Equity Asia (MSPEA) and Banyantree Growth Capital have invested $75 million in Nspira Management Services, an Indian education services provider.
The Growth Fund buys 50% stake in Australia pilot school
The Growth Fund, an Australian middle market private equity investor spun out from Archer Capital, has paid an undisclosed sum for a 50% stake in domestic pilot training school Soar Aviation.
Value Partners launches China education PE fund
Hong Kong asset manager Value Partners has launched its first PE program in mainland China with a locally focused education sector fund in partnership with university and technical college operator China Education Group.
Deal focus: VCs see profits as VIPKid goes young
China's online English language education start-up VIPKid has raised $500 million in Series D-plus funding to grow its youth-focused teaching business
Matrix raises $750m for fifth China VC fund
Matrix Partners China has raised $750 million for its fifth venture capital fund to invest in the technology, cleantech, education, energy, healthcare and financial services sectors in China.
China's VIPKid raises $500m round
China-based English language learning platform operator VIPKid has received a $500 million funding round led by Sequoia Capital, Tencent Investment, Yunfeng Capital, and Coatue Management.
Bain makes Australia education bolt-on
Bain Capital Private Equity has acquired Australian child care services provider Little Learning School in a bolt-on to existing portfolio company Only About Children (OAC).
Vietnam consumer: Trading up
Vietnam’s consumer economy is attracting a wider range of investors as deal sizes inflate and new openings emerge in a winding value chain. Private equity is positioned to exploit several vantage points
China VC specialization to accelerate as ecosystem expands
China’s venture capital ecosystem is set to see a rapid proliferation of niche sector funds as overall economic growth piques domestic competition in the asset class.
Sinovation confirms Fund IV close at $500m
Chinese VC firm Sinovation Ventures has confirmed a final close for its fourth fund at the targeted corpus of $500 million.
CRE Alliance invests $40m in Chinese tutoring business
CRE Alliance, a private equity joint venture between China Resources Enterprise (CRE) and Great Wall Asset Management, has made its first investment, backing a Chinese tutoring business.
India's Reliance to acquire VC-backed Embibe
Indian conglomerate Reliance Industries has agreed to invest up to $180 million for a 73% stake in Embibe, a domestic educational technology start-up backed by Kalaari Capital and Lightbox Ventures.