China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Carlyle invests $50 mln in China school operator
HONG KONG, Nov 27 (Reuters) - The Carlyle Group [CYL.UL] said on Thursday it would invest $50 million in China's Hao Yue Education Group, as it sought to tap demand for private higher-education services in the world's most populous country.
The Washington, D.C.-based private equity giant said the investment was funded by the Carlyle Asia Growth Partners Group and would support Beijing-based Hao Yue's plan to boost enrolment through campus expansion and acquisitions of other private vocational schools.
The deal comes after Carlyle, which had $91.5 billion of assets under management committed to 66 funds at the end of September, last year invested $20 million in Topia Education, which runs tutoring institutes in South Korea.
Private equity firms are increasingly investing in the fast-growing private learning sector, betting that the obsession of many Asian parents with their children's education will make it recession-proof. (Reporting by Jeffrey Hodgson; Editing by Jonathan Hopfner)
