M&A Deal Summary

EQT Private Capital Asia and Trustar Capital Acquire Wall Street English

On November 27, 2017, private equity firms EQT Private Capital Asia and Trustar Capital acquired education company Wall Street English from Pearson Education

Acquisition Highlights
  • This is EQT Private Capital Asia’s 4th and Trustar Capital’s 3rd transaction in the Education sector.
  • This is EQT Private Capital Asia’s 9th and Trustar Capital’s 12th transaction in China.
Investment Fate
  • Wall Street English was sold to management in 2020.

M&A Deal Summary

Date 2017-11-27
Target Wall Street English
Sector Education
Buyer(s) EQT Private Capital Asia
Trustar Capital
Sellers(s) Pearson Education
Deal Type Divestiture

Target

Wall Street English

Hong Kong, China
Wall Street English is a provider of English language training to adults. Wall Street English was founded in 1972 and is based in Hong Kong, China.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 2

Buyer

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 35 of 69
Sector: Education M&A 4 of 8
Type: Divestiture M&A Deals 5 of 9
Country: China M&A 9 of 13
Year: 2017 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 SAI Global

Sydney, Australia

SAI Global provides organizations around the world with information services and solutions for managing risk, achieving compliance and driving business improvement. The company provides legal, compliance and risk management professionals with a broad range of technology-enabled programs and consulting services that facilitate good governance and awareness of compliance, ethics and policy issues. SAI Global was founded in 1922 and is based in Sydney, Australia.

Buy AU$1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Prometric

Baltimore, Maryland, United States

Prometric provides technology-enabled assessment services, providing paper-and-pencil, Internet and computer-based testing solutions. It offers a fully integrated testing system that includes test development, test delivery and data management capabilities. Prometric was founded in 1990 and is based in Baltimore, Maryland.

Buy -
Buyer

Trustar Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trustar Capital is the private equity arm of financial services/asset manager CITIC Group. Trustar Capital separates its private equity investment activity into three groups; China, Japan, and the US. In general, Trustar looks to invest in companies with 'strong franchises', with established brands and high barriers to entry. For US-based opportunities, the firm looks to leverage its connections in China. Broad areas of interest include niche manufacturing, consumer products, and business services. The Firm does not invest in start-ups or distressed businesses. Trustar Capital is based in Hong Kong.


DEAL STATS #
Overall 35 of 64
Sector: Education M&A 3 of 3
Type: Divestiture M&A Deals 2 of 5
Country: China M&A 12 of 31
Year: 2017 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 McDonald s China

Shanghai, China

McDonald's is a chain of hamburger fast food restaurants. McDonald's China was founded in 1975 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 ByteDance

Beijing, China

ByteDance is an Internet technology company operating several machine learning-enabled content platforms. ByteDance was founded in 2012 and is based in Bejing, China.

Buy -

Seller(S) 1

SELLER

Pearson Education

Upper Saddle River, New Jersey, United States

Category Company
Founded 1998
Sector Education
DESCRIPTION

Pearson Education is an education services company that provides assessment and training products and services.


DEAL STATS #
Overall 3 of 3
Sector: Education M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: China M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-10 Fronter AS

Oslo, Norway

Fronter AS is a cloud based learning platform.

Sell -