Pearson PLC (PSON.L)
17 Nov 2017
HONG KONG Chinese investors are stepping up their hunt for education assets overseas as more Chinese students seek access to Western educational resources at home or abroad.Private equity firm Citic Capital has submitted a bid for Study Group, according to two sources. Providence Equity Partners, a U.S.-based private equity group, is selling the Sydney-headquartered company, which provides language and preparatory courses for university students, for up to $1 billion, the sources sai
* HAS TODAY COMPLETED SALE OF A 22 PCT STAKE IN PENGUIN RANDOM HOUSE VENTURE TO OUR PARTNER BERTELSMANN SE & CO KGAA Source text for Eikon: Further company coverage:
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.
* 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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