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Home   /  Business News /  Tian Yuan’s Partner, Ms. Piao Yu, Shares a Speech on Investment and Merger & Acquisition Trend of Education Industry under the Enforcement Background of New Law of Promoting Civilian-run Education

Tian Yuan’s Partner, Ms. Piao Yu, Shares a Speech on Investment and Merger & Acquisition Trend of Education Industry under the Enforcement Background of New Law of Promoting Civilian-run Education

2017-09-05

On Sept 1, the new version of Law of Promoting Civilian-run Education was officially put into effect, following which the systematic management of profit-making and non-profit & non-government funded education was officially implemented and asset securitization of the education industry enters into an accelerating stage.

In the afternoon of Sept 5, IBMWANG united Tian Yuan and Deloitte & Touche to jointly hold the “Salon of Investment and Merger & Acquisition Trend of Education Industry under the Enforcement Background of New Law of Promoting Civilian-run Education”, and Tian Yuan ’s partner, Ms. Piao Yu, made detailed explanation on the systematic management of education organizations and their influence on investment and merger & acquisition transactions, the progress in policy introduction of supporting modification to Law of Promoting Civilian-run Education, the influence of foreign investment supervision policy on investment and merger & acquisition transaction in education industry, and the merger & acquisition trend of education industry, by combining specific examples with regard to the transaction framework and financing arrangement involved in various investments and mergers & acquisitions, and all honored guests were involved in the enthusiastic exchange and communication on the spot.

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Ms. Piao Yu, especially introduced that, “the listing of New Oriental and TAL (TAL Education Group) has been ushered in the outburst of the first round of asset securitization in the field of education. As the advisor of a big group of non-government funded educational enterprises and investment organizations, we have accompanied the growth of Chinese non-government funded educational enterprises, and are honored to participate in and witness their expansion in the wave of science and technology. The modification to the Law of Promoting Civilian-run Education clarifies the systematic management of profit-making and non-profit education and the non-profitability of compulsory education, and along with the introduction of various supporting policies at the next stage, it will further clarify: the implementation of systematic management during transition period, the standardized administration of the incorporation of profit-making schools and educational & training organizations into school-running permission, the differentiated support in taxation policy & land finance policy, etc., and guiding the social force to conduct non-profit education, and sticking to the public benefit nature of education. For investment and merger & acquisition of educational projects in different market segments, we suggest continuously paying close attention to the compliance issue of differentiated operations, the uncertainty of incremental costs and specified schedule of supporting policies and different policy risks, and under the assistance of professional advisor, preparing the feasible transaction framework.”

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Ms. Piao Yu has a working experience over 16 years and mainly dedicates to legal services related to capital market and merger & acquisition and investment & financing, and as one of key partners of Tian Yuan  educational team, he has served as the Chinese lawyer of issuer and helped public offering and listing of New Oriental, TAL (TAL Education Group), Universal IELTS, Bright Scholar Education in America and public offering and listing of Maple Leaf Education in Hong Kong, hosted or in-depth participated in a series of domestic and overseas investment & financing and merger & acquisition projects involving institution of higher education, senior high school, compulsory education, preschool education, course tutoring and language training, internet education & training and relevant service industries. 


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