Deals
Hillhouse in Talks for About $250 Million Loan for Dulwich Deal
- About half a dozen banks mull providing funds to Hillhouse
- The buyout comes amid rapid expansion of top British schools
The Dulwich College in Beijing.
Photographer: Xiaolu Chu/Getty Images
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Asia-based asset manager Hillhouse Investment is in talks with a consortium of banks for a loan of about $250 million to back its acquisition of Dulwich College International’s schools, according to people familiar with the matter.
About half a dozen banks are considering to provide financing, with each lender committing roughly equal amounts, the people said, asking not to be identified discussing private matters. Details are subject to change as discussions are ongoing, the people added.