Discussions are at an early stage and Advent could decide not to proceed with a sale, the people said. A representative for Advent declined to comment, while Rothschild didn’t immediately respond to requests for comment.
The Learning Lab provides education for pre-school, primary, secondary and junior college students in Singapore, according to its website. It also has a presence in countries including Malaysia, Vietnam, Thailand and Indonesia.
In Singapore, The Learning Lab charges about $550 per month totaling four lessons for junior college students, according to its website.
Advent invested in The Learning Lab in 2014, and the firm’s website lists it as a buyout. A report at the time in the Straits Times said Advent paid about S$300 million for a “significant stake.” Later, the U.S. company was considering selling the chain, Bloomberg News reported in September 2018.
Founded in 1984, Advent has invested US$56 billion in over 380 private equity deals across 42 countries, according to its website.
