Malaysia's Paramount Scores $130M In Education Unit Deal

Law360 (June 20, 2019, 12:31 PM EDT) -- Malaysian investment holding company Paramount said Thursday it will shed majority stakes in a trio of education businesses in a 540.5 million Malaysian ringgit ($130.3 million) deal, handing control over to an entity financed by a unit of TPG Capital.

Paramount Corp. Bhd. said Two Horses Capital Sdn Bhd. will acquire the companies — Paramount Education Sdn Bhd., Paramount Education (Klang) Sdn Bhd. and Sri KDU — all three of which fall under its K-12 education business division. The deal will see Two Horses acquire a cumulative 80% stake in the companies, and REAL Education Group., an entity principally owned by...

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