Southern Capital offers $111m for Malaysian university operator

According to a regulatory filing, Southeast Asia-focused SCG is willing to pay MYR2.53 per share for all outstanding shares, representing a 10.5% premium to the last trading price.

HELP comprises five main institutions: HELP University, HELP Academy, HELP College of Arts and Technology, HELP International School, and the College of Automotive Technology Management. The latter is a joint venture with NAZA Group.

HELP University is the primary asset, having been set up in 1986, while HELP International School represents the company's first foray into primary and secondary education in Malaysia.

The group as a whole claims to serve more than 11,000 students, including a large number of overseas students from 80 countries.

SCG closed it's third buyout fund in June at $400 million, exceeding the initial hard cap of $350 million.

Unlike the firm's previous vehicles, which invested throughout the region, Southern Capital Fund III focuses on Malaysia, Singapore and Indonesia.

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• Topics
• Southeast Asia
• Buyouts
• Education
• Southeast Asia
• Southern Capital
• Malaysia