Milost-backed PHI Group to buy Canadian educational company
PHI Group Inc has agreed to acquire an unidentified Canadian educational company. The cash-and-stock deal, the terms of which were not disclosed, is expected to close in October. PHI Group, a U.S. holding company, said the target business is a private provider of English language and career training services to about 20,000 students annually. Milost Advisors, an affiliate of U.S. private equity firm Milost Global, arranged financing for the deal. Milost Global and PHI Group earlier in 2016 formed a vehicle to acquire public companies that generate annual revenue of up to US$5 billion.
27 September 2016•3 mins read
