SHANGHAI, June 24, 2013
Baird Capital announced today that its China Growth Equity team has made a meaningful financial commitment to back highly accomplished education executive Peter Winn and his team to build a platform for children’s education, summer programs and after-school activities in China. The terms of the deal were not disclosed.
Winn is the former President of the China-based operations of English First Professional (EF). In just 6 years, Winn and his team built this business from a concept to a market leading brand in the English language sector. As of 2012, EF had over 40,000 concurrent students in China across 40 training centers in China’s largest cities, staff of nearly 3,000, and won numerous awards and recognitions. Fluent in Mandarin and Cantonese Chinese, Winn has over 15 years of experience in greater China in operations management and strategy, online and offline marketing, finance and multi-site retail development. He was awarded the Education Sector Entrepreneur of the Year in 2010 by Sohu.com.
“We are very excited to partner with Peter Winn in building another education platform in China,” said Brett Tucker, Partner with Baird Capital’s China Growth Equity team. “Baird has a strong franchise in education and the opportunities in China’s education market are huge. Baird Capital’s investment brings the benefit of Baird’s full institutional resources to support Peter in building another leading education company in China.”
Baird Capital and Winn are seeking acquisition, partnership and organic growth opportunities in the early children’s education and after-school activities in China.
“I am excited to work with Baird Capital, given Baird’s resources, experience and depth of knowledge in the education sector,” said Winn. “Parents are deeply invested in their children’s futures and know that education is the fundamental foundation of success. Our goal is to offer market-leading educational services to help children build character, develop confidence and maximize their potential.”
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Baird Capital’s China-based growth equity team provides capital to companies with substantial operations and opportunities in China. Baird Capital leverages its in-depth sector knowledge, experienced investment team and network of relationships to serve as a value-added partner for its portfolio companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in Asia, a pro-active portfolio operations team and a deep network of relationships which together seek to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit BairdCapital.com.