ICG invests in Korean tutoring business
Intermediate Capital Group (ICG) has invested an undisclosed sum in Time Education, a privately-owned education company in Korea that provides tutoring services from kindergarten through high school.
The transaction comprises senior mezzanine, junior mezzanine and minority equity. A portion of the capital comes from ICG Asia Pacific Fund III, a mezzanine-focused vehicle that is said to be targeting...
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