Deals
Bain to Seek RISE Education Sale at $1 Billion Valuation
- Buyout firm prepares to send information to potential buyers
- Bain also weighing $200 million IPO for Chinese education firm
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Bain Capital is preparing to sell its controlling stake in Chinese education provider RISE at a valuation of about $1 billion, people with knowledge of the matter said.
The buyout firm plans to send out information on RISE, which offers immersive American English lessons at its network of after-school learning centers, to potential buyers in the next few weeks, one of the people said. It is also exploring a potential U.S. initial public offering for the Beijing-based company that could raise about $200 million as soon as the third quarter, the people said, asking not to be identified because the information is private.