August 11, 2021 (Newswire.com) –
International Colleges Basis (GSF), along with its funding arm and associated entities (“International Colleges Group”), has introduced that it has secured as much as US$250 million (S$337 million) in funding from worldwide monetary establishments. That is primarily secured by a “long-term” fairness answer from funds managed by associates of Apollo International Administration, Inc., and debt from Singapore’s main financial institution.
The funds will assist GSF in its world growth by mergers and acquisitions of fine colleges and schooling corporations inside Asia, in addition to challenge financing for brand new greenfield colleges. GSF is searching for to faucet the rising curiosity within the K12 sector in Asia and is trying to announce a number of extra acquisitions early subsequent yr.
Atul Temurnikar, GSF Chairman, mentioned, “We have been searching for to spend money on high-growth schooling establishments and Apollo’s Hybrid Worth enterprise was in a position to reply shortly to those wants with bespoke structured fairness options. GSF expects to spend money on extra of US$450 million (S$607 million) over the subsequent few years to finance our progress and growth.”
GSF is a number one premium K12 schooling community headquartered in Singapore. In 2021, it was acknowledged as “World’s Most Awarded Community of Colleges” for being a recipient of 235 awards for innovation, inexperienced initiatives, efficiency excellence, enterprise excellence, and so forth.
The fundraising comes as GSF sees an rising urge for food for K12 investments to leverage its two-decade experience in schooling. GSF’s strengths lie in utilizing proprietary studying know-how involving knowledge analytics and synthetic intelligence to speed up college students’ studying outcomes. The Basis goals to create worth and ship sustainable returns for institutional buyers by long-term funding options.
GSF has entered into non-binding agreements with a number of colleges and intends to concentrate on acquisitions and strategic partnerships in Japan, South Korea, Vietnam, Indonesia, Malaysia and Cambodia. Colleges underneath GSF can count on to learn from its key studying applied sciences and innovation capabilities to ramp up their market growth and product growth.
“We’re thrilled with this partnership, which has a robust status of offering cutting-edge, technology-enabled studying environments centered on holistic, value-based schooling in a number of worldwide curricula,” mentioned Gaurav Pant, Apollo Hybrid Worth Accomplice. “This funding is one other instance of how Apollo’s Hybrid Worth platform works constructively with enterprise homeowners and entrepreneurs to ship personalized capital options to develop their companies,” he mentioned.
About International Colleges Basis
Based in 2002, International Colleges Basis is a Singapore-headquartered, community-oriented schooling establishment with a mission to domesticate and nurture younger minds into world leaders of the long run. Within the final twenty years, the Basis has grown to a power of 16,000 college students throughout 23 campuses in eight international locations. The colleges embody the One World Worldwide College and International Indian Worldwide College. www.gsf.data
Supply: International Colleges Basis