Education
Morgan Stanley PE Asia agrees two China take-privates
Two privatizations US-listed Chinese companies backed by Morgan Stanley Private Equity Asia (MSPEA) have won board approval. Noah Education Holdings and Sino Gas International Holdings are now a shareholder vote away from de-listing.
Baring Asia-backed Nord Anglia raises $304m, jumps on debut
Nord Anglia Education, a school operator controlled by Baring Private Equity Asia, saw its shares close up 12.5% on the first day of trading on the New York Stock Exchange. This followed an IPO that raised $304 million.
CITIC Capital invests $15m in China education play
CITIC Capital has invested over RMB100 million ($15 million) in a Series A round of funding for Chinese vocational training provider Shsun Education Group.
Vertex commits $5m to China education app Xuebajun
Vertex Venture, an investment unit of Temasek Holdings, has committed $5 million in Series A funding for Shanghai-based mobile study tool developer Xuebajun.
Japan's Globis re-ups in UK educational app developer
Globis Capital Partners, the Japanese venture capital firm, has returned to lead a GBP3.4 million ($5.8 mllion) Series B round for Quipper, a UK company that develops educational mobile applications.
SBI education fund backs China's Tutor Group
TutorGroup, a China-based online education platform that recently raised $100 million in Series B funding, has added SBI Group as a strategic investor.
Fosun VC leads $20m round for China education firm Uniquedu
Uniquedu, a China-based education company, has raised a $20 million Series A round of funding led by Fosun Venture Capital Investment.
Ventech Capital invests in China's Zhenpu Education
France-based Ventech Capital has provided a Series A round of funding for Beijing-based Zhenpu Education. Details of transaction were not disclosed but the investment size is above $10 million.
PE-backed Chinese education provider aims for $100m US IPO
Tarena International, a Chinese IT training services provider that counts Goldman Sachs, IDG Capital Partners and Jafco among its investors, is seeking to raise up to $100 million through a NASDAQ IPO.
Baring Asia-owned Nord Anglia files for $300m IPO
Nord Anglia Education, a Hong Kong-based school operator with a presence in Asia, the Middle East, Europe and North America, has filed to raise up to $300 million through a US IPO. The company has been majority-owned by Baring Private Equity Asia since...
Jack Ma returns to school
Jack Ma was an English teacher at Hangzhou Dianzi University before he went on to found Alibaba Group. Now he has returned to the education sector to support the next generation.
GIC, Macquarie invest in Australian student accommodation
GIC Private and Macquarie Capital have formed a joint venture to acquire a majority stake in Australian student accommodation operator Iglu.
Indian digital education firm iProf raises $9 million
DMG Information, a division of the UK’s Daily Mail and General Trust, has led a $9 million Series B round of funding in Indian digital education firm iProf. Existing investors Norwest Venture Partners and IDG Ventures also participated.
CVC to acquire $200m stake in China education company – report
CVC Capital Partners is said to be investing around $200 million in Chinese education company EIC Group, buying shares from the founder and existing investor Actis Capital.
Baring Asia to exit Noah Education as MSPEA makes take-private offer
Baring Private Equity Asia is on course to exit Noah Education Holdings after Morgan Stanley Private Equity Asia (MSPEA) and senior management tabled a take-private bid that values the company at around $108 million. This is MSPEA’s second privatization...
Anacacia completes two deals in health and education
Australian private equity firm Anacacia Capital has completed two new acquisitions in the health and education sectors: healthcare equipment manufacturer Oxford Group and Careers Training Group - formed as a merger between vocational training firms Selmar...
Baring-owned school operator Nord Anglia plans $200m IPO – report
Nord Anglia Education, an international schools operator owned by Baring Private Equity Asia, is reportedly preparing an IPO which could raise upwards of $200 million.
Shunwei leads $12m Series B round for online English site 51Talk
51Talk, a Chinese online English teaching platform, has received a $12 million Series B round of funding led by Beijing Shunwei Venture Capital. Existing backer DCM China also participated.
Southern Capital offers $111m for Malaysian university operator
Southern Capital Group (SCG) has made a buyout offer for HELP International Corp, a listed Malaysian university operator, valuing the company at MYR359.3 million ($111.4 million). Should the offer be successful, HELP would be taken private.
AMP buys Australia schools project from RBS
AMP Capital will acquire a 100% interest in a portfolio of school buildings in Melbourne from Royal Bank of Scotland (RBS). The purchase is being made via the AMP Capital Community Infrastructure Fund, which invests in public-private partnership-style...
Providence-owned Study Group buys Australian college
Study Group, an education services provider owned by Providence Equity Partners, has acquired ANU College from Australian National University. Financial details were not disclosed.
Vision Knight teams up with strategics to tap China online education
Vision Knight Capital - the private equity firm set up by former Alibaba CEO David Wei - has partnered with games developer NetDragon Websoft and a unit of electronics maker Hon Hai Precision Industry to launch a $33 million online education venture.
Helion, Kalaari lead $10m Series B for Simplilearn.com
Helion Venture Partners and existing backer Kalaari Capital have led a $10 million Series B round for professional certification exam preparation provider Simplilearn Solutions.
Navis in Australia demographics play
Australian politicians have long debated ways to enlarge the country’s tax base as they prepare for the economic ramifications of a spiraling dependency ratio. By 2050 there will be just 2.7 people of working age for each person aged 65 and over, compared...