UK-listed ICG buys PSB Academy from Baring
This is ICG's second education investment; its first was in S Korea's largest pre-school and tutoring firm in 2015
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SEVEN years after Baring Private Equity Asia (BPEA) scooped up Singapore's private education institution PSB Academy, it has now sold the academy to asset management firm Intermediate Capital Group (ICG) for an undisclosed sum.
The sale of 100 per cent of PSB Academy, one of the largest independent tertiary education institutions in Singapore follows last year's opening of its new S$15 million state-of-the-art campus in Marina Square.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
