PROJECT

Projects

Summary of Investment Information

Project Number

48060

Company Name

EDVANTAGE GROUP HOLDINGS LIMITED

Date SPI Disclosed

Jan 31, 2024

Country

China

Region

East Asia and the Pacific

Projected Board Date

Nov 30, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 25, 2024

Department

Regional Industry - MAS Asia & Pac

Industry

Health, Education and Life Sciences

Previous Events

Approved : Dec 19, 2023
Signed : Jan 29, 2024
Invested : Jul 5, 2024

Sector

Colleges, Universities, and Professional Schools

Project Description

Edvantage Group Holdings Limited (“Edvantage” or the “Company”) is a leading private sector higher and vocational education group in the People’s Republic of China (the “PRC” or “China”) with key presence in Sichuan province, a frontier province in Western China, and Guangdong province. Edvantage provides private higher educational services including technical and vocational education, and other services to approximately 86,100 students, as of August 31, 2023, across nine colleges and educational institutions in China, Australia and Singapore. Shares of Edvantage are listed on the Hong Kong Stock Exchange.

IFC is proposing to invest up to US$100 million equivalent in the form of a senior loan to Guangzhou Zhiheng Education Consulting Co., Ltd. (an indirect subsidiary of the Company) as the borrower, which will primarily be used to support the Company’s capital expenditure plan to build new buildings and facilities in its flagship colleges in Sichuan and Guangdong provinces.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation