China schools deal puts RRJ at top of class

RRJ has made a big profit from cashing out of Chinese education company Tsingda eEDU alongside OCBC and Capvent, just ten months after investing.

China schools deal puts RRJ at top of class

Asia-focused private equity firm RRJ Capital has made a near-threefold return on its investment in Chinese private education company Tsingda eEDU in less than a year, a source familiar with the situation said, underscoring the soaring demand for private schools and supplementary education as the country’s middle class grows.

The private equity firm has sold its roughly 20% stake in Tsingda for about $140 million to a Chinese trust company. The sale values Tsingda at...

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