SEG International owners mull stake sale

“There has been some inquiries from interested parties, ” Hii(pic) said in an e-mailed response to Bloomberg query. “While we’re open to possibilities, there hasn’t been concrete discussions on this matter at the moment.”

KUALA LUMPUR: Owners of SEG International Bhd (SEGi) are considering selling their stakes in the private tertiary education group, according to people familiar with the matter.

Navis Capital Partners Ltd, an Asia-focused private-equity firm, and SEGi managing director Clement Hii, have held preliminary discussions with potential advisers, the people said. The asset has drawn some interests from potential suitors including Chinese companies, said the people, who asked not to be identified as the information is private.