PROJECT

Projects

Summary of Investment Information

Project Number

38740

Company Name

EAGLE HOLDINGS PTE LTD

Date SPI Disclosed

Oct 18, 2016

Country

Viet Nam

Region

East Asia and the Pacific

Projected Board Date

Sep 1, 2016

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 25, 2022

Department

Regional Industry - MAS Asia & Pac

Industry

Health, Education and Life Sciences

Previous Events

Approved : Sep 1, 2016
Signed : Sep 16, 2016
Invested : Sep 20, 2016

Sector

Other Training

Project Description

The Project is an IFC co-investment with Aureos South-East Asia Fund II L.P. (“ASEAF II”), an IFC investee fund managed by The Abraaj Group (“Abraaj”). ASEAF II and co-investors (including IFC) will invest into a SPV (“HoldCo”), which owns 100% of BidCo. BidCo is a SPV which is set up to acquire shares in Vietnam US Society English International Joint Stock Company (“VUS” or the “Company”). Established in 1997, VUS is a major English language training (“ELT”) provider with 15 training centers in Ho Chi Minh City (“HCMC”), Vietnam.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation