KV Asia weighs sale of M’sian education unit

Asia Pacific Education owns Asia Pacific University of Technology & Innovation and Asia Pacific Institute of Information Technology. They operate out of two campuses in Kuala Lumpur and currently have over 10,000 students, according to KV Asia’s website.

KUALA LUMPUR: KV Asia Capital, the South-East Asia-focused private equity firm, is considering selling its Malaysian post-secondary education group, according to people with knowledge of the matter.

The buyout firm is working with a financial adviser on the potential sale of Asia Pacific Education Holdings, said the people, who asked not to be identified as the process is private. A deal could fetch about US$350mil (RM1.49bil) for the group, they said.