ICG buys Singapore’s PSB Academy from Baring Asia

A new wave of investment pours into Asian education services as the region's rising middle class looks to spend more on its children's future.

ICG buys Singapore’s PSB Academy from Baring Asia

Intermediate Capital Group ICG has acquired 100% of PSB Academy PSB from Baring Private Equity Asia, part of a new wave of investment in the education sector.

The move sees a relatively new player in Asia's fast-growing education sector take over from a relatively early private equity investor in an industry that is seen as having huge potential, given the rise of the middle class across the region.

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