CVC Capital Partners has completed the sale of Chinese overseas educational counseling service provider Education International Corporation to a consortium led by little-known NLD Investment LLP, a Chinese private equity fund, says a company announcement.
The deal was done in partnership with the management and the founder of EIC. Financial details were not disclosed.
There is no public information available for NLD Investment LLP.
EIC takes 13% national market share of China's overseas educational counseling service sector.
The company also offer complementary test preparation services as part of the integrated overseas education advisory services to students.
CVC initially invested in EIC in December 2013 from its Asia Fund III. CVC has helped strengthen the management team with key senior hires, and led the strateg...
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