Jamieson advise management of Education First Kids & Teens around majority investment by Permira.
Investment firm Permira and EF Education First (“EF”) announced that a company backed by the Permira Funds has agreed to invest in a majority stake in the EF Kids & Teens business headquartered in Switzerland with schools in China and Indonesia. EF will retain a significant ownership in the Kids & Teens business and remains deeply invested in its continued success.
With over 20 years of successful operations, EF Kids & Teens is a market leader in premium English language education with 288 schools across 62 cities in China and 79 schools in Indonesia and one of the largest networks of international teachers. Over the past few months, EF Kids & Teens has successfully helped hundreds of thousands of students learn online through EF’s proprietary learning platform and live EF teachers from around the world.
This strategic partnership will combine EF’s market leadership with Permira’s expertise and resources to accelerate EF Kids & Teens’ growth. The Company plans to expand the school network, invest heavily in academic programs and deliver more innovations such as the Double Wing 1:1 and group online hybrid learning system, which combines the best of in-classroom and online learning.