Happenings

Bain Capital RISE Education Acquires The Edge Learning Center
Asia’s Best Test Prep is Growing!

 

Hong Kong, February 3rd, 2018 – Earlier this year, The Edge Learning Center was acquired by Bain Capital RISE Education(NASDAQ:REDU). The Edge Learning Center has been expanding over the past few years, with additions in Singapore, Vietnam, Shanghai, and Beijing to go along with the original Hong Kong Centers. With its holistic services incorporating Academic Tutoring, Test Preparation, and Admissions Consuting, the company has helped thousands of students achieve thier academic dreams over the past 10 years.

This excellence has led to intense interest in the firm, which culminated with the acquisition by RISE. RISE education operates in China’s junior English Language Training, or ELT, market, which refers to after-school English teaching and tutoring services provided by training institutions to students aged three to 18. RISE is a leader in China’s junior ELT market according to Frost & Sullivan, and ranked second in 2016 with a market share of 10.7% in terms of gross billings in the premium segment. With 36,173 and 26,600 student enrollments in 2016 and 2017, respectively, in self-owned learning centers, RISE is among the largest ELT companies in China.

This aquisition is seen as a win-win for all parties, with RISE seeking to expand its expertise in the Boarding School and US/UK Admissions preparation and The Edge wanting to expand its reach throughout Mainland China. The natural progression from RISE Education’s core audience of 1-13 year olds to The Edge’s Core Audience of students aged 12 – 18 , will allow RISE to expand its dominance as a major player in the quality holistic education of children throughout Asia and beyond for the forseeable future.

 

If you would like more information about this topic, please call Josephine Tan at 6265 5054, or email at josephinetan@theedgelearning.com.sg