Sold to a private equity backed platform
A six-centre enrichment education group sold to a PE-backed platform, with the owner staying on as CEO and retaining a minority stake.
Size
S$6m revenue, S$5.4m EV
Buyer
PE-backed platform
Time to close
8 months
Outcome
Owner stayed 18 months as CEO with a minority stake and second exit upside
Six centres with consistent enrolment and a curriculum that was genuinely documented rather than held in the founder’s head, which is what made the business financeable.
The owner wanted growth capital and a second bite rather than a clean break. The structure gave a majority to the platform, a retained minority, and an eighteen month CEO term with defined decision rights written into the shareholders agreement rather than left to goodwill.
(sample entry) Illustrative of the deals we work on, pending publication of live figures.
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