Deals
Buyout Firms Circle EF Education First’s $2 Billion Chinese Unit
- Hillhouse Capital, Permira are among first-round bidders
- Warburg Pincus has also expressed interest in Chinese assets
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Private equity firms Hillhouse Capital and Permira are among suitors that have submitted first-round bids for Chinese operations being sold by EF Education First Inc., people familiar with the matter said.
Warburg Pincus is also among suitors that have expressed interest in part or all of EF Education First’s business in the country, according to the people. The sale could fetch $1.5 billion to $2 billion, the people said, asking not to be identified because the information is private.