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IDG-Everbright Acquire Shanghai Film Academy to Create Top Film & TV Platform

IDG-Everbright Acquire Shanghai Film Academy to Create Top Film & TV Platform

Legendary was acquired by Wanda Group. In 2011, IDG also initiated and sponsored “Looking China,” a program that teams foreign film students with students from Beijing Normal University’s Institute for International Communication of Chinese Culture to produce short documentaries about China. More than 300 film students from 35 countries participated in the program, and films produced there have won more than 40 international awards. IDG Capital has also invested in a number of feature-length films, including Turning Point 1977, Under the Hawthorn Tree, and My Old Classmate.]]>

NLD Chinese PE Consortium Acquires Education Int'l Corp EIC From CVC

NLD Chinese PE Consortium Acquires Education Int'l Corp EIC From CVC

CVC Capital Partners completed the sale of Education International Corporation (EIC) to a consortium led by NLD Investment LLP, a leading Chinese private equity fund, in partnership with the founder and management of EIC. EIC is China’s largest overseas educational counselling service provider, with a 13% national market share. As a result of its exit, CVC is said to have multiplied the return on its approximately $200 million investment, when it acquired EIC from its founder Joe Li and private equity firm Actis Capital in December 2013. The move comes after CVC’s planned a $300 to $500 million Hong Kong IPO announced in July 2015 failed to materialize. Credit Suisse, JPMorgan and UBS were hired as sponsors of the proposed IPO. The company is also a leading integrated overseas education advisory services provider in China, offering market leading complementary test preparation services as part of the integrated overseas education advisory services to students. In 2014, EIC helped over 18,500 students enroll at an overseas education institution, of which approximately 45% enrolled at one of the top 50 globally ranked universities. EIC has the largest network of relationships with over 800 partner education institutions. Since its inception in 2000 EIC has placed over 120,000 students at overseas education institutions. EIC delivers its services and programs to students through a network of offices across Mainland China, comprising 26 counselling centers across 26 cities, and 30 test preparation centers across 13 cities. In addition to its offices in Mainland China, EIC has a growing global footprint with seven overseas centers in seven cities, including Boston, New York, Vancouver, Sydney, Melbourne, Adelaide and Hong Kong. EIC generated a $125.5 million turnover and has over 2,000 employees, according to CVC. “I am grateful for the outstanding level of support that I received from CVC, which together with the hard work and commitment of our employees, has enabled EIC’s continued growth. We are delighted to be partnering with NLD to further our success as the most trusted partner for international education for Chinese students,” said Isa Wong, CEO of EIC. “CVC has been a great partner to the EIC business over the past few years, bringing their industry knowledge, market expertise and resources, which have been crucial in creating value and enabling EIC to become a world-class educational service provider,” said Joe Li, founder of EIC. Jerry Liu, managing director of NLD said, “Chinese students are increasingly looking for a high-quality international education experience both domestically and abroad. We are excited about the opportunity to work with EIC’s excellent management team to further enhance its leadership position as the partner of choice for international education.” “We have been deeply impressed by EIC’s world class management team and their success in expanding the business into new premium market segments, significantly upgrading products and service offerings, and generating outstanding business growth over the last few years. EIC is now well positioned to capture future opportunities in the rapidly expanding overseas education industry,” said Hans Wang, partner at CVC in Hong Kong. NLD Investment is a leading China based private equity fund with total assets under management of over RMB 10 billion. The firm’s strategy is to invest in companies managed y top-notched management teams and leverage our capital market strength to help companies to achieve next stage of growth. The firm invests in various industries including TMT, consumer brands, retail, education and environmental protection, across China and other Asian markets. CVC Capital Partners is one of the world’s leading private equity and investment advisory firms. Founded originally in 1981 as the European arm of Citicorp Venture Capital, CVC today has a network of 24 offices and over 300 employees throughout the U.S., Europe, Asia, and South America. To date, CVC has secured commitments of over US$79 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over US$120 billion. The firm is headquartered in Luxembourg.]]>

Wallenberg's EQT to Acquire Majority Stake in Touhula Finnish Pre-Schools

Wallenberg's EQT to Acquire Majority Stake in Touhula Finnish Pre-Schools

EQT Mid Market has acquired a majority ownership in Touhula Varhaiskasvatus Oy, a Finnish early education service provider, from Cor Group‘s Coronaria Hoitoketju Oy. Touhula was founded in 2010 and today operates over 80 pre-schools and day-care centers across Finland. The company has a unique high-quality education philosophy and operates two different brands: Touhula and Aarresaari, encouraging children to natural physical activity and adventure. “The Touhula way – our new purpose-built facilities and high quality early education services – have received very positive feedback from parents in over 30 municipalities across Finland. With satisfied parents and EQT as a responsible owner, Touhula will be able to expand to new areas in Finland and in the future provide additional services and day-care concepts”, says Touhula’s CEO Jari Mäki-Runsas. “EQT is an active and responsible owner, with a long history of developing companies and adding value to society by having a sustainable and long term approach. Touhula has excellent service concepts, as well as high levels of customer and employee satisfaction, which signal that the business is run in a good and sustainable manner. We believe EQT is well suited to support the Company’s growth in Finland, and add value to society at large through high-quality pre-school education services”, says Jarkko Murtoaro, director at EQT Partners, investment advisor to EQT Mid Market. “EQT has been present in Finland for almost 20 years, and we continue to see interesting investment opportunities. EQT’s investment philosophy is to help companies grow and develop into great and sustainable companies, both under EQT’s ownership and with future owners. We believe EQT can accelerate Touhula’s development even further, for example by adding the world class know-how of our industrial advisor network. We are very pleased to have the current owners to continue as minority shareholders of Touhula”, says Vesa Koskinen, partner at EQT Partners. Touhula’s current management, and its existing investors Cor Group Oy, Finnish Industry Investment Oy and Norvestia Oyj will continue as minority shareholders. The transaction is subject to approval of the Finnish Competition Authority and is expected to be completed in April 2016. Cor Group Ltd, founded in 1988, is an innovative Finnish growth venture. The group’s business operations are based on creating and recognizing successful new businesses, as well as on supporting their growth. The primary business areas of the strongly product development oriented group are health care, digital media as well as housing and services development. Coronaria Hoitoketju Oy Ltd is one of the leading providers specialized in health care and wellbeing in Finland. It offers multifaceted health services from primary to specialized health care. The company also provides day care and care services for various categories of customers. Coronaria is part of Cor Group Ltd. Touhula Varhaiskasvatus Oy is a Finnish early education service provider. Touhula Day Care Centers offers high-quality stimulating pre-school education in a fun and safe environment. Touhula has received the ISO9001 quality certificate. Aarresaari Day Care Centers are focused on activity, music and adventure. Touhula takes care of approximately 6,000 children and employs approximately 1,000 day care professionals. As a private company, Touhula complements the welfare services provided by municipalities and increases the options available to parents in choosing a suitable day-care provider for their children. The majority of Touhula’s day-care centers operate under a voucher model. The voucher model ensures equal access to private day care to all Finnish families. EQT is a leading global private equity group with approximately EUR 29 billion in raised capital. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 17 billion and approximately 140,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. EQT Partners is the investment advisor to all the group’s funds. It has around 370 employees, of which approximately 200 are within the investment advisory teams. EQT is headquartered in Stockholm, Sweden. The firm and its affiliates have additional offices in Amsterdam, Copenhagen, Frankfurt, Guernsey, Helsinki, Hong Kong, London, Luxembourg, Madrid, Munich, New York, Oslo, Shanghai, Singapore, Warsaw and Zurich. The company was founded in 1994 by Investor AB, US-based private equity firm AEA Investors, and SEB Asset management. Investor AB (INVEB.ST) is a Swedish industrial holding company, founded in 1916 and controlled by the Wallenberg family through their Foundation Asset Management company FAM, whose chairman is Peter Wallenberg, Jr., a board member of EQT. The company owns controlling stakes in several large Swedish companies, such as Molnlycke Health Care, Aleris and Grand Hotel, with minority stakes in in global listed companies such as such as Atlas Copco, ABB, SEB, AstraZeneca, Ericsson, Electrolux, Saab, NASDAX OMX, Husqvarna and Saab. EQT Infrastructure II is a EUR 1.925 billion fund investing in medium-sized infrastructure businesses in the Nordic region, parts of Continental Europe, and North America. Investment targets are regulated infrastructure, concession-based infrastructure, market-based infrastructure and infrastructure-related services.]]>