Announced
Completed
Financials
Sources
Tags
Cross Border
Education Services
education platform
education services
k12 education
China
Minority
Completed
Private Equity
Single Bidder
Private
Acquisition
Friendly
Synopsis
Trustbridge Partners, an investment firm, led the $150m round in Huohua Siwei, an online math and science education platform. Existing shareholders including Tencent also participated. Since its founding in 2016, the company accumulated $700m from seven investment rounds. After the completion of the funding round, the business is valued at $1.5bn amid increased interest in China's e-education sector.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.