The PE firm has acquired the stake from its founder and CEO Hong Li, who will still own a minority stake after the transaction.
The buyout firm is working with an adviser for a strategic review of the school which could lead to a sale of the business for at least $500 million.
This marks Affirma Capital’s fourth investment in India in the past twelve months.
The sovereign wealth fund pumped in $853 million in VinHomes in 2018.
MISA provides accounting, financial, ERP and business management software to enterprises, government and individuals across Vietnam.
Indian Oil, BPCL are also in the race for assets of the firm, which is divesting its pipeline business.
As of March, Blackstone had committed around $5.4 billion in real estate assets in India, of which $4 billion is in office assets alone.
In early 2018, RRJ bought preference shares that could be converted into minority stakes in an SPV of Bohai Leasing as the buyout firm saw an oppor
The funding will help the hospital chain expand its footprint across south India.
The proceeds of the deal will be used to repay debts of CDEL.
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