carlyle-increases-its-exposure-to-chinese-education
Carlyle increases its exposure to Chinese education
The global private equity firm invests $50 million in Hao Yue Education Group which runs a vocational college in Beijing.
By Daniel Inman
The Carlyle Group yesterday announced that it has invested $50 million in Hao Yue Education Group, a Beijing-based provider of private education services. The funding will come from Carlyle Asia Growth Partners Group CAGP.
Hao Yue is a company that provides private higher-education services. Its main school is Beijing Vocational College of Science and Technology, a university with 30,000 students spread across two campuses in the Chinese capital. It is one of China's largest private universities in terms of student numbers, campus size and registered capital, and is licensed to grant government-accredited qualifications. As of 2005, private universities like this had cornered around 11% of China's total higher education market, up from 4.3% in...
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