It's well known that demand for access to a global education is growing. But how has the involvement of private equity's big money, combined with education providers' big growth ambitions, influenced the industry? Beckie Smith finds out.
Private equity firm CVC Capital is investing over US$200 million into EIC Group, one of the world's largest education consultancies for Chinese student recruitment, according to a report citing anonymous sources. EIC has 20 offices worldwide and claims to run the "best attended, most effective" recruitment fairs in China.