A risk fund invests 1,273 million in Education First

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Sunday, August 2, 2020, 09:42

The company Education First, the owner and main sponsor of the cycling team, breathes financially thanks to Permira, a venture capital fund that has bought a substantial part of EF’s shares in its business in China and Indonesia. Education First has been trying since early 2020 to sell a substantial part of its business in Asia. Initially, the valuation amounted to 2,000 million dollars, but the coronavirus crisis has caused the final sale to have closed at 1,500 million (equivalent to 1,273 million euros). Everything indicates that this sale supports the project of the cycling team within the first world division.

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