Southeast Asia-focused Dymon Asia Private Equity has invested an undisclosed amount in Singapore-based Mind Stretcher Group, which provides pre-primary and K-12 academic enrichment, tutorial, and student care services.
More than 200,000 students have been served by Mind Stretcher since 2002.
Today, the group has 26 centres and over 10,000 students and continues to provide students and parents with structured and comprehensive approaches to help them succeed in the national curriculum.
As part of its commitment to offer high-quality education and care for Singaporean families, Mind Stretcher recently introduced Mind Sparks, an after-school care programme.
Earlier this month, the PE firm had invested in another education firm—Thailand-based TUSK Asia.
TUSK Asia is the holding company for Arthit Ourairat Institute (AOI) schools in Thailand. AOI operates three bilingual K-12 schools, including British International School Phuket (which was established in 1996), SBS Rangsit (in 2004), and SBS International School Chiangmai (2014).
Dymon said AOI has about 2,500 students across these three campuses, with plans to open a new campus in 2025.
Before closing the investment in TUSK Asia, Dymon invested in SGX-listed hospitality management company Amara Holdings Limited this year through a take-private transaction. Amara was listed on the SGX Sesdaq on August 15, 1997, and subsequently transferred to the SGX Mainboard on 10 July 2000.
In 2024, Dymon also divested from Singapore-based information technology services provider ITCS Group Holdings.
Dymon Asia Private Equity is the PE arm of Singapore-based, Asia-focused alternative investment manager Dymon Asia Capital. The PE arm, which has assets under management of $1.3 billion, started in 2012 and has made 29 investments so far, according to its website.
