Laureate Education To Sell Institution In Malaysia To Affinity Equity Partners

(RTTNews) - Laureate Education Inc. (LAUR) and Affinity Equity Partners have signed an agreement for the sale of Laureate's global network institution in Malaysia - INTI University and Colleges - for a total transaction value of US$180 million. The net transaction value to Laureate under the Agreement will be US$162 million.

INTI University and Colleges, which has five campuses across Malaysia, is highly regarded in Malaysia with over three decades of rich history and track record. INTI, which has seen its student numbers grow progressively to over 16,500 students this year, has a higher than market average employability rate of 99% within six months of graduation, as validated by BDO Governance Advisory in 2016.

The transaction value amounts to USD180 million, which includes a US$18 million value for a minority equity shareholder, subject to customary closing adjustments. The closing is expected to occur by the end of the second quarter of 2018. The two parties look forward to a smooth transition and timely completion of the process.