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TransAsia represents Pearson in its $294m Acquisition of Leading PRC Education Services Company

11 November 2011

Pearson, a global media and education company headquartered in London, signed a definitive agreement to acquire all outstanding shares of Global Education & Technology Group Limited (GEDU) for $294 million. GEDU is a leading provider of educational courses and test preparation in China for English language assessments. The merger, which needs final approval by the GEDU board, is expected to close by the end of the year, and will give Pearson a significant customer base and developed infrastructure to expand its educational offerings in China.

TransAsia, led by the Beijing Office Managing Partner Philip Qu, served as PRC counsel to Pearson for this transaction.