EQuest raises US$120 million, welcomes new board member

Monday, May 22, 2023 14:29

Representatives of both sides pose for a photo during a signing ceremony for four-year training programs between EQuest and Broward College. — Photo courtesy of EQuest Education Group

EQuest Education Group has announced a successful raising of US$120 million through a combination of debt from creditors and equity from its existing investor KKR’s Global Impact Fund.

The proceeds will be utilised for investment in the Canadian International School (CIS) System in HCM City, and to expand its College & University system, particularly the Broward College Vietnam campuses in Ha Noi, Hue and HCM City.

With a proud 12-year history, CIS stands as the largest international K-12 school system in HCM City. CIS offers a comprehensive curriculum that includes the International Baccalaureate (IB), Advanced Placement (AP), and Canadian curriculum, along with world-class sports programmes. This investment will be utilised to enhance facilities, hire world-class sports coaches, and attract the best teachers to the CIS system.

Tham My Linh, Managing Director of the CIS system said: "This substantial investment will position CIS as the most financially robust international school system in Viet Nam, ensuring long-term financial stability without compromising on the highest educational standards. This will instill strong confidence in parents seeking a holistic international education for their children."

The new investment will also be used to open multiple Broward Vietnam campuses to offer four-year US bachelor’s degree programmes in Ha Noi, Hue and HCM City.

EQuest Education Group also announced the appointment of Dam Bich Thuy, founding President of Fulbright University Vietnam, as an independent board member, effective May 15, 2023. — VNS

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