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. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories


    Stay updated with Singapore corporate news stories for FREE

    Follow our Telegram | Facebook