Permira has acquired a majority stake in EF Kids & Teens, an English language education provider that operates 288 schools in China and 79 in Indonesia.
The size of the deal was not disclosed. Mergermarket, AVCJ’s sister publication, previously reported that the transaction valued the business at $1.5-2 billion, based on EBITDA of around $100 million...
PAI Capital, a Hong Kong and London-based asset manager that primarily caters to high net worth individuals (HNWIs) has paid RMB1.45 billion ($212 million) for a 24.22% stake in Vtron Group, a Shenzhen-listed video display systems manufacturer.
Vietnam’s VinaCapital and Japan’s Daiwa PI Partners have sold the remainder of their interest in Vietnamese dairy producer International Dairy Products (IDP).
A consortium led by China Resources Capital (CR Capital) has agreed to acquire a 65% stake in Hong Kong retail and supermarket operator City Super Group.
Indian online used car marketplace Spinny has acquired local counterpart Truebil, setting up several venture capital exits.