Navis Capital Partners (Navis), an Asia-based private equity firm, has completed an investment in Thanh Thanh Cong Education JSC (TTCE). TTCE is a high-quality Vietnamese private education platform operating in southern Vietnam.

Vietnam has the highest GDP growth in South East Asia (~6.5% p.a.) with a large and young population and high cultural propensity to spend on education (~10% of consumer expenditure spent on education in 2017). The combination of Vietnam’s high population growth, rapidly emerging middle class and expanding economy is accelerating the demand for better quality education. Top public schools that offer high-quality education offer only a limited number of seats. Premium international schools are often too expensive and limit the number of local students. Private schools offering national and bilingual education programmes at reasonable tuition fees and accessible to all Vietnamese, are an increasingly suitable choice for the growing middle class.

TTCE is a leading private school chain. It currently owns and operates 17 schools and English training centers and, has identified and secured land for an additional four schools which will open by academic year 2020/2021. Navis and its partners will continue to grow the platform by opening new schools in underserved areas and expanding services in both new and existing schools.

Navis is being advised by KPMG and Hogan Lovells