Press Room
Indochine Counsel Facilitated Successful Closing of EQuest Education Group's US$120 Million Deal

Indochine Counsel Press Release

Ho Chi Minh City, 19 May 2023 - Indochine Counsel is pleased to announce its instrumental role in facilitating the successful closure of a significant deal for EQuest Education Group. The deal involved the raising of US$120 million in funding, marking a major milestone for both EQuest and the education sector in Vietnam.

Through a combination of debt from creditors and equity from KKR's Global Impact Fund, EQuest Education Group secured the substantial investment, which will be utilized to fuel the expansion of their educational initiatives. The funds will primarily support investments in the Canadian International School (CIS) System in Ho Chi Minh City (HCMC) and the expansion of Broward College Vietnam campuses in Hanoi, Hue, and HCMC.

Indochine Counsel played a pivotal role in providing exceptional legal expertise and guidance throughout the transaction, ensuring a smooth and successful outcome. With their deep knowledge of the Vietnamese legal landscape and unwavering commitment to client satisfaction, Indochine Counsel effectively navigated the complexities of the deal, facilitating a mutually beneficial agreement for all parties involved.

“We are delighted to have acted as legal counsel for EQuest in this momentous transaction,” said Truong Huu Ngu, Partner at Indochine Counsel. “This successful closing highlights our dedication to supporting the development of the education sector in Vietnam. It also reflects our sustainable and strategic choice to stand behind and support EQuest, one of the most resilient pillars in the private education sector of the country. Moreover, it is EQuest that has successfully manifested an exemplary win-win partnership between a local company and foreign institutions.”

Indochine Counsel is also proud to acknowledge the valuable contributions to the success of this project from Associate Le Thanh Cong, Junior Associate Pham Hoang Vu, and other colleagues at the firm. Their dedication, expertise, and unwavering commitment were instrumental in navigating the complexities of the transaction, ensuring a seamless and favorable outcome for all parties involved.

The completion of this deal further solidifies Indochine Counsel's position as a trusted legal partner for businesses operating in Vietnam. With a track record of successful transactions and a reputation for excellence, the law firm continues to play a vital role in facilitating business growth and contributing to the economic landscape of the country.

About Indochine Counsel

Indochine Counsel is one of Vietnam’s leading law firms. It is a business specialty firm with twenty-five lawyers in both Ho Chi Minh City and Hanoi. Founded 17 years ago, Indochine Counsel has six partners and one senior counsel and is capable of handling both boutique services and large M&A deals. For more information about Indochine Counsel, please visit our website at

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