Global private equity and venture capital news and research

Apax, Baring Asia could help Manipal Global gather $200m expansion cash

26 Nov 2012

Apax Partners and Baring Asia could help Indian education company Manipal Global raise $200m to help the business make acquisitions to expand its global presence.

UK media group Pearson was believed to have held preliminary discussions over a deal in July.

Standard Chartered Bank is acting as an advisor for Manipal Global according to a report by DealCurry.

It said the business raised $110m in debt from SCB in June to refinance loans and back expansion.

Manipal is attempting to raise debt and equity to buy back stakes owned by existing investors IDFC and Capital International, a deal which could value the company at more than $850m.

Volatile market conditions forced the company to scrap its planned IPO earlier this year, in which it hoped to raise around $150m.

Manipal runs university campuses across the world including the American University of Antigua, Manipal University Dubia and the Melaka Medical College in Malaysia.

It also performs business skills training and examinations, in addition to running online learning programmes.

Copyright © 2012 AltAssets

Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016