Han Kun advises Permira on its purchase of majority equity in EF Kids & Teens
July, 2020 - Beijing, Mainland China
On July 28, 2020, global private equity fund Permira and Education First announced Permira's acquisition of a majority stake in Education First's children's business headquartered in Switzerland with operations in the PRC and Indonesia. Closing of the transaction is subject to the satisfaction of customary closing conditions.
As the leading brand in the high-end English language training industry with an internationally leading network of teachers, the children's business of Education First has successfully operated in the PRC for more than 20 years and has 288 teaching sites in 62 cities in the PRC and 79 teaching sites in Indonesia.
Han Kun acted as PRC counsel to Permira, participating in all matters relating to PRC legal due diligence, PRC transaction document preparation and revision, review and revision of offshore transaction documents, antitrust filing and analysis, and legal analysis and suggestions, etc.
