Wave Entertainment Buys Navis Capital Partners’ Stake in Efficient English Services (Asia)
Source: Bangkok Post | Author(s): Pitsinee Jitpleecheep
Thailand-based television production and distribution company Wave Entertainment has acquired a 100 percent stake in Efficient English Services (EES) from Asia-focused private equity firm Navis Capital Partners and Thailand’s Government Pension Fund for THB800 million (approximately US$24.8 million). EES holds the license to operate Wall Street English schools in Thailand. Navis originally acquired a 75 percent stake in the company in 2006.