Ekuiti Nasional Bhd (Ekuinas), Malaysia’s state-owned private equity fund management firm, has sold its 100 per cent equity interest in Tenby Education Group (Tenby) to International Schools Partnership (ISP) for an undisclosed amount.
The sale, which followed the disposal of its interest in APIIT Education Group recently, marks Ekuinas’ eighth divestment, which brings its total realization proceeds to more than RM1 billion ($252 million), including the partial divestment of Icon Offshore Berhad.
