Value Creation Case Studies

Tenby Education Group (Tenby)

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Tenby Education Group (Tenby)

Background

  • Tenby Schools is the largest network of private schools servicing the mid-tier segment with schools in six locations
  • Tenby offers a mix of national and international curriculums with full-fledged facilities at a reasonable price

Investment Rationale

  • Largest network of private schools in Malaysia with a total student population of 4,600 students
  • Opportunity to grow the school network further with two identified locations for expansion
  • Increased demand for private international education.

Transaction Details

Investment type
Majority investment in a strong Malaysian company
Acquisition Date
March 2015 and March 2016
Ownership
100%
Partial Divestment
17 Jan 2018

Key Value Creation Metrics

  • Centralising Finance and HR Management

    • Ekuinas assisted in the implementation and rollout of a centralised Finance system to all school locations to ease collection of financial and operational information.
    • We also assisted in streamlining HR processes such as centralised recruitment and payroll to benefit from scale.

Ekuinas was very supportive especially the EXCO members as they took the role of a strategic investor and allowed the management to run the business independently. It was a good opportunity to work with Ekuinas as they have a diverse group of professionals.

Michelle Chan

Group Financial Controller