Market Chatter: TPG Mulls Sale of XCL Education

MT Newswires Live

Aug 25

TPG (TPG) is working with financial advisers to explore a potential sale of XCL Education, Bloomberg reported Monday, citing unnamed people familiar with the matter.

A potential deal could value Singapore-based XCL at up to $1.5 billion, the report said, adding that discussions are still in early stages and TPG may choose not to sell.

XCL runs schools in Singapore, Thailand, and Vietnam, and is backed by TPG and Singapore's Temasek, according to the report.

TPG and XCL Education did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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