CVC exits China education business EIC
CVC Capital Partners has sold its stake in Education International Corporation (EIC), a China-based business that helps students enroll in universities overseas, to a consortium that includes the company founder.
The sale generated RMB4.5 billion ($692 million) for the private equity firm, according to a source familiar with the situation. CVC invested in EIC in 2013, reportedly paying around $200 million for a...
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