US buyout firm Advent seeks to sell Singapore tuition chain The Learning Lab again: sources
Some of the proceeds will be used to settle a S$265 million private credit facility that will mature in 2027
US buyout firm Advent International is seeking to sell Singapore's tutoring chain The Learning Lab once again, according to sources. This is the second attempt since 2021 to unload the asset, primarily to repay a S$265 million (US$206 million) private credit facility that will mature next year. The firm has hired an advisor to initiate the sale process and intends to offer the company for between US$400 million and US$500 million.
Some of the proceeds will be used to settle the outstanding debt. Representatives for Advent, KKR, and Nomura have declined to comment on the matter.
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