PE Affinity Equity Partners to acquire Laureate Education's MY assets for $180m

Menara Berkembar Petronas, Kuala Lumpur, Malaysia. Photo by Vlad Shapochnikov on Unsplash

Private equity firm Affinity Equity Partners is acquiring US-listed Laureate Education’s Malaysian assets, which include five campuses of INTI University and Colleges, for $180 million.

“The transaction value amounts to $180 million, which includes a $18 million value for a minority equity shareholder, subject to customary closing adjustments. The closing is expected to occur by the end of the second quarter of 2018,” Laureate said in an announcement to the stock exchange last week.

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