M&A Deal Summary

TPG Acquires IMU University

On June 7, 2022, private equity firm TPG acquired education company IMU University from IHH Healthcare Berhad for 306M USD

Acquisition Highlights
  • This is TPG’s 13th transaction in the Education sector.
  • This is TPG’s 99th largest (disclosed) transaction.
  • This is TPG’s 2nd transaction in Malaysia.

M&A Deal Summary

Date 2022-06-07
Target IMU University
Sector Education
Buyer(s) TPG
Sellers(s) IHH Healthcare Berhad
Deal Type Divestiture
Deal Value 306M USD

Target

IMU University

Kuala Lumpur, Malaysia
IMU University is a private medical and health sciences university focused on healthcare education. IMU University is based in Kuala Lumpur, Malaysia.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 410 of 451
Sector: Education M&A 13 of 14
Type: Divestiture M&A Deals 33 of 41
Country: Malaysia M&A 2 of 3
Year: 2022 M&A 11 of 17
Size (of disclosed) 99 of 113
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 Covetrus

Portland, Maine, United States

Covetrus is a provider of technology-enabled healthcare services for companion and equine veterinary practitioners. The company partners with veterinarians to create insight into gaps in patient care and offer professionalized pro-active prescription management to drive client engagement and improve compliance. Covetrus was formed in 2010 and is based in Portland, Maine.

Buy $4.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Convey

Fort Lauderdale, Florida, United States

Convey is a specialized healthcare technology and business process outsourcing firm that is committed to providing clients with healthcare-specific, compliant member support solutions utilizing technology, engagement, and analytics. Convey was founded in 2003 and is based in Fort Lauderdale, Florida.

Buy $1.1B

Seller(S) 1

SELLER

IHH Healthcare Berhad

Kuala Lumpur, Malaysia

Category Company
Founded 2010
Sector Healthcare Services
Employees35,000
DESCRIPTION

IHH is an international healthcare platform built to develop and deliver synergies across all its healthcare assets, ensuring coherent integration of each investee company’s capabilities, market presence and brand to optimise the combined potential of all the companies.


DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Malaysia M&A 1 of 1
Year: 2022 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-28 Ravindranath GE Medical Associates Pvt.

Hyderabad, India

Global Hospitals is a super-specialty hospital chain focusing on multi-organ transplantation with specialization in the areas of gastro-enterology, cardiology, nephrology and urology.

Buy $195M