GPs sell Wall Street English China business back to founder
Baring Private Equity Asia and CITIC Capital have sold the China-based assets of English language training provider Wall Street English (WSE) back to the original founder after COVID-19 called into question the business model.
A spokesperson for CITIC confirmed that Luigi Peccenini, who opened the first WSE in Italy in 1972, had assumed control of the directly owned China centers in July with minimal disruption to students....
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