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Home Tag Archives: $692m

Tag Archives: $692m

Chinese agency EIC bought for reported $692m

By subhadip
July 28, 2016
in :  Education
Comments Off on Chinese agency EIC bought for reported $692m

Financial details of the deal have not been disclosed, though Reutersreported that a source “with direct knowledge of the deal” said it had generated $692m for previous investors CVC Capital Partners. In 2014, the agency sent some 18,500 Chinese students overseas to study Luxembourg-based CVC acquired a majority stake in EIC in 2013 for a reported $200m, buying shares from Actis Capital and EIC’s founder, Joe Li. It appears …

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