{
  "id": 19748472,
  "title": "US firm Advent seeks to sell Singapore tutor chain Learning Lab again, sources say",
  "url": "https://urgent.news/2026/11/13/us-firm-advent-seeks-to-sell-singapore-tutor-chain-learning-lab-again",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T02:59:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/us-firm-advent-seeks-to-sell-singapore-tutor-chain-learning-lab-again-sources-say"
  },
  "original_language": "en",
  "account": "US investment firm Advent International is exploring the sale of Singapore's tutoring company The Learning Lab, sources reveal. This is the second attempt since 2021 to offload the asset, partly aimed at debt repayment, according to people with knowledge of the situation. An adviser has been hired to facilitate the sale, which is expected to fetch between US$400 million and US$500 million (S$514.6 million to S$643.3 million). A portion of the proceeds will be utilized to settle a S$265 million private credit facility provided jointly by KKR & Co, HPS Investment Partners and Nomura Holdings in 2023. This debt is scheduled to mature in 2027. While Advent declined to comment on the matter, sources indicate it holds a full stake in the company. The Learning Lab offers education services for early years, primary, secondary, and junior college students in Singapore, as well as online offerings in Malaysia, Vietnam, Thailand, and Indonesia. The monthly fee for junior college programs is approximately S$702.",
  "summary": "This is its second attempt since 2021 to unload the asset.",
  "key_points": [
    "US firm Advent seeks to resell Singapore tutoring chain Learning Lab",
    "Second sale attempt since 2021, partly for debt repayment",
    "Sale expected at $400-$500 million, to pay off $265 million debt"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Advent Again Seeks to Sell Singapore Tutor-Chain Learning Lab",
        "url": "https://urgent.news/2026/11/13/advent-again-seeks-to-sell-singapore-tutor-chain-learning-lab",
        "published": "2026-11-13T00:54:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}