Industry Newsroom

TPG to Acquire Controlling Stake in Vietnam Australia International School, Mekong Capital and Maj I

Global private investment firm TPG has agreed to acquire a controlling stake in Vietnam-based private education group Vietnam Australia International School (VAS), providing an exit for Vietnam-focused private equity firm Mekong Capital and Denmark-based asset management firm Maj Invest. VAS currently operates seven campuses in Ho Chi Minh City and plans to further expand its operations in Ho Chi Minh City and Hanoi. Mekong originally invested in the company in 2010 through Mekong Enterprise Fund II and Maj Invest originally invested in 2012. Financial details of the transaction were not disclosed.