Indochine Counsel Press Release – Ho Chi Minh City, Vietnam 7 June 2021

Indochine Counsel advised EQuest Education Group in relation to the investment by KKR

Ho Chi Minh City — 7 June 2021 — Indochine Counsel acted for EQuest Education Group (EQuest) in relation to the investment made by KKR through KKR Global Impact Fund, as announced by KKR on 31 May 2021.

EQuest operates a diversified portfolio across the educational sector in Vietnam, focusing on four core segments including K-12 bilingual schools, tertiary and vocational institutions, English enrichment courses, and digital learning solutions. Its K-12 portfolio, which serves more than 9,000 students in its 8 campuses, has gained a strong reputation in Vietnam where there is a rapidly growing demand for an affordable bilingual curriculum with strong efficacy. As a group, EQuest has more than 110,000 students enrolled across its segments each year, positioning the Company as one of the largest private educational services providers in Vietnam. KKR is a leading global investment firm with US$367 billion of assets under management as of 31 March 2021.

The investment will be used to support EQuest’s expansion and advance its mission to provide students in Vietnam with affordable access to world-class education. Vietnam has a growing middle-class population with rapidly increasing demand for better education. With continued trends of globalization, English has become an essential employability skill, with proficiency in the language a high priority area for Vietnam’s national education goals. The Vietnamese government has also earmarked digital learning solutions as a strong area of focus as it seeks to further improve access to education.

The Indochine Counsel team was led by Managing Partner Dang The Duc and supported by Le Thanh Cong (Associate) and Pham Hoang Vu.

About Indochine Counsel

Indochine Counsel is one of Vietnam’s leading law firms. It is a business specialty firm with nearly thirty lawyers in both Ho Chi Minh City and Hanoi. Founded nearly 15 years ago, Indochine Counsel has six partners and is capable of handling both boutique services and large M&A deals. For more information about Indochine Counsel, please visit our website at