Tembusu exits Singapore-based Ednovation to CDH
CDH Investments has acquired a 36% stake in Ednovation, a Singapore-based operator of pre-schools in Southeast Asia and China, from Tembusu Partners in a deal said to be worth more than S$50 million ($35 million).
Tembusu, which claims to have generated an IRR in excess of 30% from the investment, committed S$20 million in the company in June 2013, with a view to support expansion in China and Singapore. At the...
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