25 January 2018
Clifford Chance advises ICG on acquisition of private education institution PSB Academy
Leading international law firm Clifford Chance has advised London-listed asset manager Intermediate Capital Group (ICG) on the acquisition of Singapore private education institute PSB Academy (PSB) from funds managed by Baring Private Equity Asia through a competitive auction.
PSB is one of the largest independent tertiary education institutions in Singapore, with a 54-year track record. PSB delivers full-fledged tertiary degrees under the brands of renowned university partners in Australia and the UK. It operates two state-of-the-art campuses in Singapore as well as schools in Vietnam, Myanmar, and Indonesia.
Andrew and Melissa offer, "We are pleased to have advised ICG on this transaction which represents their continued focus on the rising demand in the private education sector, and their second education-related investment in Asia Pacific."