Anonymous wrote:Wouldn’t be surprised if they take as many payments as they can, then announce they won’t be opening back right before school starts this coming fall.
Anonymous wrote:Anonymous wrote:PP. I actually own a US-based company that operates in several countries. I fully understand the PE business model and fully understand the uniqueness of China-based firms. All of them operate with the participation and approval of the government. Most have board members that are either part of the CCP or at least close affiliated. It’s not an indictment, just a fact. Even the multi-national firms (Goldman, JPM) have major limitations on what they can do. As you may recall, Bain and Co. execs were detained just a year or two ago.
So yeah, please educate me on international business and how a for profit school owned by a Chinese PE firm is what our kids should be flocking toward. And try to make at least two references to Niche in your response.
Gotta love finance bros lecturing parents about choices they’ve made for their kids’ education
Anonymous wrote:PP. I actually own a US-based company that operates in several countries. I fully understand the PE business model and fully understand the uniqueness of China-based firms. All of them operate with the participation and approval of the government. Most have board members that are either part of the CCP or at least close affiliated. It’s not an indictment, just a fact. Even the multi-national firms (Goldman, JPM) have major limitations on what they can do. As you may recall, Bain and Co. execs were detained just a year or two ago.
So yeah, please educate me on international business and how a for profit school owned by a Chinese PE firm is what our kids should be flocking toward. And try to make at least two references to Niche in your response.
Anonymous wrote:And when your high school is owned by a Chinese private equity firm and you have the chance to take real estate gains off the table and distribute to the LPs, you do it, even if it means moving the asset (in this case, the school). Believe me, they would move in a heartbeat without regard to convenience if it drives margin. It’s their business model.
Anonymous wrote:Incorrect. Spring Education, the previous owner, is the Chinese parent company of BASIS.
"It sold again in 2015 for $30 million to an affiliate of Kansas City, Missouri-based EPR Properties, then in 2021 for $48.57 million to Spring Education, according to Fairfax County records."