On 01 June 2021, the global investment firm KKR announced its investment into a Vietnamese education group, which is EQuest. This is KKR’s first investment into Vietnamese education sector. According to public sources, the transaction value, which is about USD 100 million, will be used to support EQuest’s expansion and advance its mission to provide students in Vietnam with affordable access to world-class education.
LMP Lawyers assisted EQuest and a private equity fund in restructuring its current investment in EQuest by intensively working with relevant parties and liaising with government authorities to obtain crucial approvals, ranging from investment approvals, collaterals registrations to forex transactions.
LMP Lawyers team advising the parties in the transaction include Partner Le Minh Phieu, Senior Associate Le Phuoc Duy Lam, Associate Nguyen Le Hoang Dat, and with the support from Paralegal Nguyen Thi Ha Vy.
More detail on the deal can be found via this link: Global investment firm KKR invest in Vietnamese education company EQuest (vir.com.vn)
EQuest, formed through a merger in 2013 between EQuest Academy (founded in 2003) and other local education companies, is one of the largest private educational institutions in Vietnam with more than 110,000 students enrolled each year in 18 member units, including universities, colleges, vocational schools, K-12 schools, foreign language centers and education technology platforms. Since then, EQuest has grown to become a comprehensive education ecosystem, and is always committed to its mission to deliver the best educational experience to students and train them ready for the 4.0 industrial age; to provide a world-class education at an affordable cost; to turn Vietnam into a bilingual country; and to send future leaders to the top schools worldwide.
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group.