TPG is at an advanced stage of negations on a deal to acquire Asia Pacific Education Holdings, a provider of tertiary education in Malaysia, from buyout firm KV Asia Capital in a deal that could be worth more than $300 million, according to a report by Reuters.
TPG is at an advanced stage of negations on a deal to acquire Asia Pacific Education Holdings, a provider of tertiary education in Malaysia, from buyout firm KV Asia Capital in a deal that could be worth more than $300 million, according to a report by Reuters.
The report cites an unnamed source as revealing that the deal could be agreed as early as the first quarter.
KV Asia reportedly appointed Rothschild & Co last year to explore a sale of Asia Pacific Education Holdings.
According to its website, the company, which was acquired by KV Asia in partnership with the management team in 2018, operates two tertiary education institutions – the Asia Pacific University of Technology & Innovation (APU) and the Asia Pacific Institute of Information Technology (APIIT). Both are among the highest ranked Institutions of Higher Learning in Malaysia with 5-Star (Excellent) ratings by the Ministry of Higher Education.
