Permira Buys Majority Stake in Education First’s China Units

It was announced today that a company backed by the global investment firm, Permira Funds has acquired a majority stake in the international educational company, Education First's (EF) chain of English-language schools in China and Indonesia.

This deal comes through as schools across the world have moved towards online learning and homeschooling due to Covid-19. Permira's funding will aid in financing Covid-19 efforts towards efficient, online education. The acquisition of a majority stake in EF will further Permira's efforts towards investing in academic programming. Subsequently, EF will retain significant ownership in the Kids & Teens business and remains invested in its success.

The partnership aims to combine EF’s market leadership with Permira’s expertise and resources to...