Deals
EF Education First Shortlists Bidders for Chinese Unit
- Hillhouse, Warburg Pincus invited to submit bids this month
- General Atlantic, Permira were also asked to provide bids
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Private equity firms Hillhouse Capital and Warburg Pincus LLC are among suitors that have been invited to make second-round bids for EF Education First Inc.’s Chinese business, according to people familiar with the matter.
Permira Holdings LLP and General Atlantic LLC were also asked to submit second-round bids that are due later this month, said the people, who asked not to be identified as the information is private. Education First now has a shortlist of about six bidders for the sale, which could fetch $1.5 billion to $2 billion, the people said.