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RYB Acquires Majority Share of Singapore Childhood Education Group for RMB 125m
Friday 08 February 2019

8 February 2019 - China-based childhood education service provider RYB Education, Inc. has agreed to acquire approximately 70% of a Singapore-based private childhood education group for approximately RMB 125m (USD 83.5m) in cash, the company said.
RYB said this acquisition expands its brands and service offerings to a wider audience and additional jurisdictions.
The international English and bilingual curriculum, along with the high-quality education management team it is acquiring, will generate great synergy with China-based operations and enhance its competitive edge in the core China early childhood education market.
In conjunction with the above purchase, the company intends to change its name from RYB Education to GEH Education to better reflect its growing platform of multiple brands, products and services in multiple markets and geographies.
The proposed new company name is intended to strengthen the core RYB brand for kindergarten and Play-and-Learn services as well as other brands on the platform while providing a mechanism for continued brand, product and service expansion.
RYB Education, Inc. is an early childhood education service provider in China. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to six years old through structured courses at kindergartens and play-and-learn centres, as well as at-home educational products and services.
Details
Date Published: 08/02/2019
Target: Singapore-based private childhood education group
Country: Singapore
Deal Size: 83.5m (USD)
Sector: Business and Consumer Services
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor:
Buyer: RYB Education, Inc
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