Add-on Acquisition • Education

XCL Education Acquires VAS

On April 15, 2022, XCL Education acquired education company VAS from TPG

Acquisition Context
  • This is XCL Education’s 1st transaction in the Education sector.
  • This is XCL Education’s 1st transaction in Vietnam.

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M&A Deal Summary

Date April 15, 2022
Target VAS
Sector Education
Buyer(s) XCL Education
Sellers(s) TPG
Deal Type Add-on Acquisition

Target Company

VAS

Ho Chi Minh City, Vietnam
VAS is a private school group with the national education system offering K-12 education programmes. At present, VAS is offering educational services to near 9,500 students from K through 12 at 7 campuses in Ho Chi Minh City. VAS was established in 2004 and is based in Ho Chi Minh City, Vietnam.
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Buyer Overview 1

Buyer

XCL Education

Singapore, Singapore

Category Company
Sector Education
DESCRIPTION

XCL Education is a K-12 education platform in Southeast Asia. XCL serves more than 29,000 students across K-12 schools, Preschools and English Language Centers. XCL Education is headquartered in Singapore.


Deal Context for Buyer #
Overall 1 of 1
Sector: Education 1 of 1
Type: Add-on Acquisition 1 of 1
Country: Vietnam 1 of 1
Year: 2022 1 of 1

Seller Profile 1

SELLER

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 Context for Seller #
Overall 250 of 278
Sector: Education 4 of 4
Type: Add-on Acquisition 87 of 96
Country: Vietnam 1 of 1
Year: 2022 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Salsify

Boston, Massachusetts, United States

Salsify is a product experience management (PXM) platform that lets brands deliver compelling shopping experiences across every digital touchpoint. Salsify was founded in 2012 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Sodali & Co

New York, New York, United States

Sodali & Co is a global consultancy specializing in shareholder and bondholder services, corporate governance, proxy solicitation, and capital markets transactions. The firm provides corporate boards and executives with strategic advice and services related to a broad range of activities, including annual general and extraordinary shareholder meetings, mergers and acquisitions, dissident and contested campaigns, shareholder activist initiatives, and multinational cross-border equity and debt transactions. Sodali & Co is based in New York, New York.

Buy -

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