(June 24): Nguyen Hoang Group, an educational services provider in Vietnam, is considering a stake sale that could value the company around US$1 billion, according to people with knowledge of the matter.
The closely-held Ho Chi Minh City-based firm is working with a financial adviser to find a buyer for a minority stake in the company, the people said. They have reached out to prospective buyers including private equity firms and other companies in the industry to gauge interest, said the people, who asked not to be identified as the process isn't public.
Deliberations are ongoing and there is no certainty the company will proceed with the planned divestment, the people said. A representative for Nguyen Hoang Group didn't immediately respond to requests for comment by phone and email.
Southeast Asia's private education assets have been in high demand as private equity and other investors try to tap into the region's growing middle class. Private hospitals operator IHH Healthcare Bhd agreed earlier this month to sell its education arm International Medical University to a consortium led by TPG Capital.
KV Asia Capital, the Southeast Asia-focused private equity firm, is considering selling its Malaysian post-secondary education group, while buyout firm Actis is working with an adviser to sell Singapore Intercultural School Group in Indonesia, Bloomberg News has reported.
Nguyen Hoang Group runs a comprehensive educational system, including national and international schools, offering instruction at levels ranging from kindergarten to PhD, according to its website. It has 60 campuses in 24 provinces and cities in Vietnam, with more than 90,000 students and a professional community with more than 4,500 members.
- Flipkart Stake Sale to Walmart Could Happen as Early as Next Week
- Foreign investors not preferred as Vietnam’s largest brewer mulls selling $1bn gov’t stake
- Vietnam's government plans stake sale in seaports amid privatization drive
- Naspers raises $9.8 billion from Tencent stake sale
- What does Vietnam have to lose or gain from US-China trade war?
- Sale expected ‘very soon’ for Walden School
- Wall Street's $US6 trillion man Larry Fink is now personally worth $US1 billion
- Vietnam to sell entire stakes in its prized beer companies
- Vietnam to form working group to spur state firms’ share sales
- Air India sale: How Modi government’s plan to retain 24% stake, other riders are keeping bidders away
- Firms eager to buy into Vietnam’s M&A market
- Vietnam’s food companies attract more foreign investors
- Vietnam loses $310 mln from state-run MobiFone’s acquisition of private pay TV firm
- Vietnam’s pharmacy industry attractive to foreign investors
- Abraaj Said to Delay Hospital IPO as Firm Pursues CIRA Disposal
- Thailand's SCC ups stake in Vietnam’s first petrochemical project
- Challenges and prospects of Vietnam`s economy in 2018
- Foreign investors circle Vietnam’s property market
- Time to invest in Vietnam’s agriculture
- Vietnam needs transparency in equitisation to attract investors
Vietnam schools firm said to mull stake sale at US$1 bil value have 463 words, post on www.theedgemarkets.com at June 25, 2022. This is cached page on Business News. If you want remove this page, please contact us.