Deal Snapshot
BRIGHT SCHOLAR ACQUIRES 49% EQUITY INTEREST IN CAN-ACHIEVE EDUCATION CONSULTANCY
Wednesday 16 May 2018

China-based international and bilingual K-12 schools operator Bright Scholar Education Holdings Ltd. (NYSE: BEDU) has acquired an additional 49% equity interest in China-based Can-achieve Education Consultants Co., Ltd., the company said.
This is a follow-up investment since the company's initial investment of 21% equity interests in Can-achieve in July 2017. Bright Scholar is acquiring the additional interest for a total consideration of RMB 262.5m (USD 41.2m). Upon completion of the transaction, the company will hold a total of 70% equity interests in Can-achieve.


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Details
Date Published: 16/05/2018
Target: Can-achieve Education Consultants
Country: China
Sector: Business and Consumer Services
Type: Corporate Acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Bright Scholar Education Holdings
Comment:
Builds on existing 21% stake

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