Vietnam Education Services provider Nguyen Hoang Group considers $1 billion stake sale

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Vietnam Education Services provider Nguyen Hoang Group considers $1 billion stake sale

According to people with knowledge of the matter, the company is considering a stake sale that could be worth around $1 billion, according to the Bloomberg Nguyen Hoang Group, an educational services provider in Vietnam.

The people said that the firm is working with a financial adviser to find a buyer for a minority stake in the company. They reached out to prospective buyers including private equity firms and other companies in the industry to gauge interest, said the people who asked not to be identified as the process isn't public.

The people said that there is no certainty that the company will proceed with the planned divestment and there is no certainty that the company will proceed with the planned divestment. A Nguyen Hoang Group representative didn't respond immediately to requests for comment by phone and email.

Southeast Asia's private education assets have been in high demand as private equity and other investors try to tap into the region's growing middle class. Private hospitals operator IHH Healthcare Bhd. TPG Capital has agreed to sell its education arm International Medical University to a consortium led by International Medical University earlier this month.

KV Asia Capital, a Southeast Asia-focused private equity firm, is considering selling its Malaysian post-secondary education group, while Actis is working with an adviser to sell Singapore Intercultural School Group in Indonesia, Bloomberg News reported.

Nguyen Hoang Group has a comprehensive education system that includes national and international schools, offering classes from kindergarten to PhD, according to its website. It has 60 campuses in 24 provinces and cities in Vietnam, with more than 90,000 students and a professional community with more than 4,500 members.

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