CNEI invests $15m in China private school operator

Founded in 2009, the company offers international-oriented curricula and other educational services to Chinese students who want to pursue college education overseas. It is originated from Shanghai Guanghua College and remains headquartered in Shanghai, targeting students in the Yangtze River Delta area.

There are currently three campuses and 70% of graduates have won places at leading universities such as Oxford, Cambridge, the London School of Economics, Stanford, Columbia, Massachusetts Institute of Technology, Cornell, the University of California, the University of Toronto and the University of Hong Kong.

CNEI will helped Guanghua set up new schools and campuses as well as expand its educational services to meet growing demand.

The investment comes from CNEI Fund II, a $255 million vehicle that closed in 2010. CNEI typically targets well established Chinese growth companies in a wide range of industries. Recent investees include Chenzhou Yangtao Chemical, a mining waste treatment firm, Qinghai Weide Special Sugar, a producer of nutritional additives, and specialty leasing company Juxin International, which has since filed for an IPO.

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• Topics
• Expansion
• Consumer
• Greater China
• China
• China New Enterprise Investment (CNEI)
• Education
• Growth capital