China's Primavera supports buyout of US study abroad business
China-focused GP Primavera Capital and Paris-listed investment firm Eurazeo have together invested in WorldStrides, a US-based provider of study-abroad programs for high school and university students, with a view to supporting expansion in Asia and Europe.
Eurazeo will take a majority stake in the company for around $500 million, while Primavera is committing an undisclosed sum for a minority interest. The transaction is expected to close by the end of the...
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