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Analysis - Chinese investors swoop on foreign education assets to meet soaring demand at home

Reuters  |  HONG KONG 

By Kane WuHONG KONG (Reuters) - Chinese investors are stepping up their hunt for education assets overseas as more Chinese students seek access to Western educational resources at home or abroad.Private equity firm Citic Capital has submitted a bid for Study Group, according to two sources. Providence Equity Partners, a U.S.-based private equity group, is selling the Sydney-headquartered company, which provides language and preparatory courses for university students, for up to $1 billion, the sources said.And Citic, in a consortium with Baring Private Equity Asia, is also nearing a deal to ...

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First Published: Fri, November 10 2017. 04:45 IST