US buyout firm Advent International Corp is considering selling the Southeast Asian operations of The Learning Lab, a Singapore-based chain of tutorial centres, according to people with knowledge of the plan.

The Boston-based private-equity fund is working with Rothschild & Co. on the sale process, and is seeking to raise at least US$500 million ($677 million) from the transaction, the people said, asking not to be identified as the information is private.

Discussions are at an early stage and Advent could decide not to proceed with a sale, the people said. A representative for Advent declined to comment, while Rothschild didn’t immediately respond to requests for comment. 

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