CVC Capital to Buy a US$200 Million Stake in EIC Group (Asia)

Source: Reuters  |  Author(s): Stephen Aldred

Private equity and investment advisory firm CVC Capital Partners has agreed to invest over US$200 million in China-based education company EIC Group. CVC Capital will purchase shares from pan-emerging markets private equity firm Actis and from EIC Group’s founder. Actis originally acquired a minority stake in EIC Group in 2011. The company provides coaching services to students in China seeking an overseas education.