Announced
Completed
Financials
Sources
Tags
Private
language training
Private Equity
Acquisition
Friendly
Education Services
english courses
Majority
Single Bidder
Cross Border
China
Completed
Synopsis
Global investment firm Permira completed the acquisition of 60% stake in EF Kids & Teens, a premium English language education unit of EF Education First, an international education company, for $1.2bn. "EF Kids & Teens is a gem in the EF portfolio. With Permira, we have a dedicated partner investing with us to meet the enormous market opportunity. We look forward to growing EF Kids & Teens’ investments in academics and technology and expanding our leading educational programs for the Chinese market. Our long-term commitment to China remains unchanged and we will continue to operate our other businesses, adults education and study abroad programs, as usual," Philip Hult, EF Education First Chairman.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.