Report: Crescent Point looks to sell Malaysian school

The Asia- and Middle East-focused investment firm is reportedly attempting to sell its controlling stake in Masterskill for more than $200m, after plans to list the company were scuppered by falling stock markets last year.

Crescent Point is looking to sell its majority stake in Malaysian nursing training school Masterskill for more than $200 million, sources told Reuters.

Crescent Point declined to comment.

The company reportedly shelved plans for a public listing in 2008 due to plummeting stock markets.

Masterskill is a private provider of medical nursing and health education. The company trains and develops healthcare graduates across multiple disciplines for the local and overseas markets. It operates four campuses in Malaysia.

Crescent Point acquired an undisclosed stake in Masterskill in November 2006.

The firm was the second largest investor in AirAsia, Asia Pacific’s largest low-cost carrier, before the company was listed on the Malaysian stock exchange in November 2004.

Crescent Point invests in sectors including aviation, education, healthcare, environmental services, real estate, financials, logistics, natural resources, retail, industrials and manufacturing. Its average deal size is between $20 million and $100 million.

The firm was founded by veteran Morgan Stanley bankers Sami Sindi, Richard Scanlon and David Hand, and has offices in Singapore, Shanghai and Jeddah.