July 28, 2020

Permira buys EF China & Indonesia at $1.5bn

Nicolas Cole

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

Nicolas Cole

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