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.

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