Tembusu sells 36% interest in Ednovation for over S$50m

Singapore

TEMBUSU Partners, a Singapore-based private equity firm, said on Thursday that it has divested its 36-per-cent stake in homegrown education group, Ednovation, to private equity firm CDH Investments, in a deal valued at over S$50 million.

Andy Lim, chairman and founder of Tembusu, told The Business Times that while he could not disclose the exact figure, the deal was valued "way above" S$50 million.