Carlyle increases its exposure to Chinese education

The global private equity firm invests $50 million in Hao Yue Education Group which runs a vocational college in Beijing.

The Carlyle Group yesterday announced that it has invested $50 million in Hao Yue Education Group, a Beijing-based provider of private education services. The funding will come from Carlyle Asia Growth Partners Group CAGP.

Hao Yue is a company that provides private higher-education services. Its main school is Beijing Vocational College of Science and Technology, a university with 30,000 students spread across two campuses in the Chinese capital. It is one of China's largest private universities in terms of...

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