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Announced

Completed

TPG's The Rise Fund led a $210m Series D funding round in Tencent-backed Meishubao Education.

Financials

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Transaction Value£156m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

Education Services

Friendly

Acquisition

Venture Capital

Completed

arts education

online education

Minority

China

Private

Cross Border

Synopsis

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TPG's The Rise Fund, a global investment fund, led a $210m Series D funding round in Tencent-backed Meishubao Education, an online arts education platform. The round was joined by Fortune Capital, Winsdom Capital, SAIF Partners, Bojia Capital and Chuangzhi Capital. "Capital raised through this round of financing will be mainly used for curriculum development, channel and market development, product and service upgrades, branding, and online and offline business integration in the industrial internet area," Gan Ling, Meishubao Education Founder and CEO.

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