Permira Funds’ Investment In EF Kids & Teens

Clifford Chance advised Permira Funds on its investment in the EF Kids & Teens business, while Davis Polk advised EF Education First .

Upon completion, which is subject to customary conditions, Permira will hold a majority stake in the market leading EF Kids & Teens business headquartered in Switzerland with 288 English-language schools across 62 cities in China and 79 schools in Indonesia.

With over 20 years of operations, EF Kids & Teens is a market leader in premium English language education with 288 schools across 62 cities in China and 79 schools in Indonesia and one of the largest networks of international teachers. Over the past few months, EF Kids & Teens has helped students learn online through EF’s learning platform and live EF teachers from around the world.

Founded in Sweden in 1965, EF Education First is a leading international education company which focuses on academics, travel and cultural experiences. Globally, EF has 600 offices and schools in 50 countries, as well as a research and development unit headquartered in Switzerland. In China, EF has three divisions: Kids and Teens Schools, Adults Education and Study Abroad.

Permira is a global investment firm. Founded in 1985, the firm advises private equity funds and makes long-term investments with a total committed capital of approximately $48 billion. The Permira funds have made over 250 private equity investments in four key sectors: Consumer, Services, Healthcare and Technology.

Clifford Chance advised Permira Funds with Partner Andrew Whan (Picture), who led a team comprising of Hong Zhang (partner), Benedict Taylor, Laurence Feeny, Brian Harley, Fang Bao, Winifred Chow, Hillary Huang and Raad Gorji. Richard Blewett (partner) and Dayu Man advised on the deal’s anti-trust aspects; and Vanessa Marsland and Ling Ho (partners) and Iris Mok advised on intellectual property.

The Davis Polk corporate team advising EF Education First included partner Miranda So and registered foreign lawyers Xi Shi, Samuel Kang, Joo Park and Yulan Ouyang. Partner Pritesh P. Shah, counsel Bonnie Chen and associates Gianna C. Walton and Yana Kipnis provided intellectual property advice. Counsel Alon Gurfinkel provided tax advice.

Involved fees earner: Fang Bao – Clifford Chance; Richard Blewett – Clifford Chance; Winifred Chow – Clifford Chance; Laurence Feeny – Clifford Chance; Brian Harley – Clifford Chance; Ling Ho – Clifford Chance; Hillary Huang – Clifford Chance; Dayu Man – Clifford Chance; Vanessa Marsland – Clifford Chance; Iris Mok – Clifford Chance; Benedict Taylor – Clifford Chance; Andrew Whan – Clifford Chance; Hong Zhang – Clifford Chance; Bonnie Chen – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Samuel Kang – Davis Polk & Wardwell; Yana Kipnis – Davis Polk & Wardwell; Yulan Ouyang – Davis Polk & Wardwell; Joo Park – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Xi Shi – Davis Polk & Wardwell; Miranda So – Davis Polk & Wardwell; Gianna Walton – Davis Polk & Wardwell;

Law Firms: Clifford Chance; Davis Polk & Wardwell;

Clients: EF Education First; Permira;

Author: Michael Patrini