Malaysia's Equinas sells APIIT for $180m in KV Asia-backed management buyout

Malaysia's Equinas sells APIIT for $180m in KV Asia-backed management buyout

Image taken from Ekuinas website.

Malaysia’s state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) has divested its entire stake in local education company APIIT Education Group for $180 million to a joint venture vehicle owned by its existing management team and private equity firm KV Asia Capital.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter