Pearson to sell Wall Street English to Baring PE Asia, CITIC

Pearson has agreed to sell Wall Street English to a consortium including Baring Private Equity Asia and CITIC Capital. The transaction is expected to generate gross cash to Pearson of around $300 million. Wall Street English, of Barcelona, provides English language education through 400 learning centers. Moelis & Company acted as financial adviser to Pearson.

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