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IDG Capital and Trustbridge Partners led a $390m funding round in Fenbi Education.

Financials

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Transaction Value£283m
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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Single Bidder

vocational education

Minority

Cross Border

Acquisition

Private Equity

China

Venture Capital

Completed

Friendly

Education Services

Private

edtech

Synopsis

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IDG Capital and Trustbridge Partners led a $390m funding round in Fenbi Education, an online vocational education company, with participation from CPE, DCP, Kunyu Runyuan Zichan, Huasheng Capital, Hony Capital and China Venture Capital HRV. The six-year-old company's businesses include civil service examination, public institution recruitment examination, teacher recruitment examination, postgraduate entrance examination, accounting, law examination, construction, open class, CET-4 and CET-6 and many other online education products.

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