Essential reading for education companies worldwide
 
 
Remember me:
Skip Navigation LinksEI article
China: Gaosi Education Group raises $140m

Beijing-based education services provider Gaosi Education Group has raised $140 million in a fundraising round, led by private equity investor Warburg Pincus.

When founded in 2009 Gaosi operated extracurricular education centres for primary and middle-school students. In 2014, it moved towards providing products and services to other extracurricular centres, especially in smaller cities. Gaosi still operates around 55 centres in Beijing.

The funding will mostly be spent on product research and development. The company also announced a strategic partnership with Tencent Holdings’ cloud computing unit to develop technologies for the education sector.

Gaosi founder and chief executive Xu Jicheng said: “The fundraising amount is one of biggest in history for educational firms who provide services for corporate clients in the field of K12 education.”

Gaosi’s last fundraising was in 2017 and valued the company at ¥4 billion yuan (£460 million). Gaosi has gone through three rounds of investment worth around $180 million and involving investors including China International Capital Corp and former Google China head Kai-Fu Lee’s Sinovation Ventures.


Posted on: 24/04/2019




Latest news

24/05/2019
Arena REIT announced it intends to raise A$55 million (£29.9 million) to help fund the acquisition of 11 new centres.
23/05/2019
PwC has been mandated to sell Safety Media, a health and safety e-learning provider, EducationInvestor Global can exclusively reveal.
23/05/2019
First-time buyer John Keeling has purchased former childcare setting Polly’s Day Nursery in Biddulph, Staffordshire, in a sale led by Redwoods Dowling Kerr, a healthcare- and childcare-focused real estate agency.
23/05/2019
Student housing provider Urbanest has announced plans to sell its Australian accommodation platform, with M3 Capital Partners mandated to facilitate the deal.
23/05/2019
GEMS-owned Bellevue Education has acquired Farlington School in West Sussex, England, bringing the group’s total number of European sites to 21.
21/05/2019
Nursery group Just Childcare has secured a multi-million-pound injection from Allied Irish Bank to support its acquisition strategy.
21/05/2019
Early childcare education franchise MUSE Global is actively seeking new partners as it looks to expand into the United Arab Emirates and India.
21/05/2019
Support Education Group (SEG) is closing in on Judicium Education, the school support services provider brought to market in August last year, EducationInvestor Global can exclusively reveal.
21/05/2019
Struggling Hadlow College in Kent has requested to be put into educational administration, in the first application of its kind in the UK, following financial difficulties and ongoing investigation.
20/05/2019
Hong Kong-based international education management company Full Circle Education Group has acquired summer course provider Our World English Schools.



Middle East | Dubai SEN regulations

Consultant Beatrice Cernuta spent four years launching special needs settings in Dubai before returning to EY-Parthenon. She speaks with Josh O'Neill about how the emirate’s private schools should approach new regulations requiring them to cater to special needs students by 2020
Read more...


my images


Europe | UK early years

A co-founder of Nord Anglia plans to rapidly scale his UK-based early years business Just Childcare, but he won't be casting a net into international waters anytime soon, he tells Josh O'Neill
Read more...