Buyout group Permira has bought a majority stake in EF Education First’s chain of English language schools for children in Indonesia and China, at a valuation of $1.5bn.
The global investment firm commented that EF is positioned in a hybrid learning word as Covid – 19 accelerates online learning.
EF Kids & Teens is a market leader in premium English language education and operates over 250 schools in 62 Chinese cities and 79 schools in Indonesia.
Source: Permira
