Deals
China Maple Leaf to Buy Singapore School for $487 Million
- Canadian International School buyers to pay cash, settle debt
- Southern Capital and HPEF Capital to sell entire stake
Photographer: Tevarak Phanduang /EyeEm
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China Maple Leaf Educational Systems Ltd. has agreed to acquire one of the largest international schools in Singapore in a deal valued at S$680 million ($487 million).
The Hong Kong-listed firm is buying all of the issued shares in Singapore’s Canadian International School from Southern Capital Group Pte and HPEF Capital Partners, according to a statement confirming an earlier Bloomberg News report. The transaction will be conducted in two parts, and will see the buyer pay in cash and settle Canadian International School’s debts, according to the statement. Upon completion of the deal, the school will become an indirect wholly-owned subsidiary of China Maple Leaf.