CDH backs $200m buyout of China testing business
CDH Investments is supporting an acquisition of the professional testing business of US-listed Chinese education company ATA. It is working on the $200 million deal in partnership with ATA’s co-founder and CEO.
While the transaction is structured as a carve-out, professional testing accounts for the vast majority of ATA’s revenue. The listed entity will be left with a K-12 education assessment tools and content...
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