Creador, SMRT acquire Masterskill for $31.5m

Visual from company website

Private equity firm Creador and SMRT Holdings Bhd have formed a consortium to takeover Masterskill Education Group Bhd (MEGB) for MYR112.8 million ($31.5 million).

Both parties have first entered into a share sale agreement last Monday to acquire a 30.75 per cent stake or 115.7 million shares in Masterskill from its major shareholder and executive director Siva Kumar M Jeyapalan at 60 sen a share, amounting to MYR69.4 million.

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