KUALA LUMPUR: Malaysia-based Navis Capital Partners has sold its Indonesian English-language education business, PT Efficient English Services (EES), for US$16.30mil (RM51.36mil).
The private equity firm said on Monday it sold EES, which operates the Wall Street Institute in Indonesia, to Pearson PLC. Navis through its funds, Navis Asia Fund IV and Fund IV-S, controlled EES.
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