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22 Sep 2017
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Fri, Sep 22 2017

PE firm MBK Partners preparing bid for Pearson's $400 mln English language unit -sources

HONG KONG/LONDON, Sept 22 North Asia private equity firm MBK Partners is preparing a bid to buy language learning business Wall Street English (WSE) from Pearson PLC , the world's biggest education company, three people with direct knowledge of the matter said.

BRIEF-Pearson says to sell Global Education business

* COMPLETED DISPOSAL, TOGETHER WITH SALE OF ASSOCIATED PROPERTY ASSETS, IS EXPECTED TO GENERATE GROSS CASH PROCEEDS TO PEARSON IN REGION OF $80M

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