TPG Weighs Sale of Asian School Operator XCL Education for up to $1.5 Billion

TPG is considering selling Southeast Asian school operator XCL Education, with preliminary interest from industry peers and buyout firms. The potential disposal could value XCL at up to $1.5 billion. TPG is working with financial advisers and has not made a final decision. XCL owns and operates 17 K-12 school campuses across Southeast Asia with 21,000 students. Shareholders include TPG and Temasek Holdings.