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Group that runs Dulwich College International now backed by investment firm Hillhouse
The Straits Times
|November 23, 2024
The education group that owns and runs Dulwich College International is now backed by Singapore-headquartered asset manager Hillhouse Investment.
Education in Motion (EiM) told The Straits Times that the alternative investment manager is among "a group of long-term-oriented, Asia-based global investors" backing the education group.
The response came weeks after parents of Dulwich College students in Singapore were told of the deal between EiM and Hillhouse, which was set up by China-born entrepreneur Zhang Lei.
In August and September, reports said Hillhouse would acquire Dulwich College International schools in Asia in a deal pegged at US$600 million (S$807 million).
When asked for details of Hillhouse's investment, EiM said: "We do not comment on the financial terms of any investment at group level."
Esta historia es de la edición November 23, 2024 de The Straits Times.
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