Southern Capital, HPEF agree exit from Singapore school
Southern Capital Group and HPEF Capital Partners – formerly Headland Capital Partners – have agreed to sell Singapore-based Canadian International School (CIS) to Hong Kong-listed China Maple Leaf Educational Systems for S$680 million ($488 million), including debt.
The two private equity firms acquired CIS for S$460 million in 2014, according to AVCJ Research. Southern Capital made the investment from its third fund, which closed at $408 million in 2013, while HPEF...
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