07 Jun '11, 2pm

Baring Private Equity acquires PSB Academy

Baring Private Equity acquires PSB Academy

SINGAPORE: PSB Academy, one of the largest independent tertiary education institutions in Singapore, has been acquired by an affiliate of Baring Private Equity Asia. Baring, which has an extensive track record in investing and building quality education businesses, aims to build PSB Academy into the leading private education institution in Asia. The academy intends to increase student enrolment and expand its presence into regional markets such as China, India, Vietnam and Indonesia through local partnerships or acquisitions. Jean Eric Salata, Chief Executive Officer and Founder of Baring Private Equity Asia, said in a press statement that Baring Asia has a long term commitment to building pan-Asian education businesses in Asia and the company expects tremendous potential for growth with PSB Academy.

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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