Southern Capital explores options to sell Singapore’s Canadian International School

Photo: Pixabay

One of Singapore’s largest international schools could be up for grabs, with its private-equity owner exploring options including a potential sale, according to people with knowledge of the matter.

Southern Capital Group Pte, a Singapore-based buyout firm, is working with an adviser for a strategic review of Canadian International School which could lead to a sale of the business for at least $500 million, said the people, who asked not to be identified as the information isn’t public.

Deliberations are at an early stage and may not result in a transaction, the people said. A representative for Southern Capital didn’t immediately respond to requests for comment.

Southern Capital joins private equity firm KKR & Co. in looking for options for their Singapore-based assets as the city-state’s economy cools. KKR is exploring a potential sale for Goodpack Ltd. that could value the bulk-container provider at at least $2 billion, Bloomberg News reported in June.

Catering to students from age 2 to 18, Canadian International School, like its peers in Singapore, competes for applicants from expatriates and local families.

Founded in 1990, Canadian International School has about 3,000 students in the Southeast Asian country, representing more than 70 nationalities across two campuses, according to its website. The annual fees for full-day nursery program in English at its Lakeside campus stand at S$24,000 ($17,380), while the school charges S$40,900 a year for 12th grade students at the same site, the website shows.

Bloomberg

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.