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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

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...

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