Mindchamps Preschool *Official* (SGX:CNE)

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
320,183
Reaction score
80,653
MindChamps headed for mainboard IPO on SGX; hooks up with cornerstone investors

http://www.straitstimes.com/busines...po-on-sgx-hooks-up-with-cornerstone-investors

SINGAPORE - MindChamps Preschool has inked agreements with Chinese investors ahead of a planned initial public offering (IPO) on the mainboard of the Singapore Exchange.

MindChamps, which offers premium early childhood and enrichment programmes in Singapore, Australia, the Philippines and the United Arab Emirates, signed exclusive business partnerships on Tuesday (Oct 24) with investment firms China First Capital Group and Hillhouse Capital.

The parties intend to operate preschools and kindergartens under the "MindChamps" brand in China, including Hong Kong, as well as in Australia and the United States.

More definitive terms will be entered into within six months from the listing date, said China First in a bourse filing on Wednesday.

A spokesman for MindChamps declined to comment. Last month, Bloomberg reported, citing sources, that the company intends to launch an IPO here as soon as this quarter, and is seeking a valuation of about S$200 million.

China First Capital Group also entered into a cornerstone subscription agreement on Tuesday with MindChamps. It will subscribe for a 4.99 per cent stake in MindChamps, a financial commitment that is not expected to exceed S$11 million, it said.

MindChamps began operations in 2008 and is the largest operator and franchisor of premium range preschool centres in Singapore.

It has six company-owned and 44 franchisee-operated early childhood and reading and writing centres for children between the ages of two months and 10 years old in four countries.

In 2014, Singapore Press Holdings bought a 22 per cent stake in MindChamps for S$12 million.

China First Capital Group said: "Globally, the early childhood education sector has gained much visibility in recent years. MindChamps Preschool is well positioned to ride on the growth in the early childhood education industry and has built a prominent brand for preschool education and achieved a leading position in the premium range preschool market."
 

lbs

Arch-Supremacy Member
Joined
Sep 2, 2001
Messages
18,173
Reaction score
8
wow. SPH huat about 32m off this deal. more than 200% paper profit siao
 

kenpachi82

Arch-Supremacy Member
Joined
Apr 14, 2007
Messages
16,509
Reaction score
5,224
wow. SPH huat about 32m off this deal. more than 200% paper profit siao

General Ng needs to show he can make $ (not his credit in the initial investment), if not his bonus not enough.
 

Mr. Wood

Banned
Joined
Oct 4, 2013
Messages
27,018
Reaction score
5,133
hmm.... humji lee touched on preschool during ndr......
now got china investor cum in.....
 

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
320,183
Reaction score
80,653
MindChamps inks deals ahead of Singapore IPO

MindChamps inks deals ahead of Singapore IPO

Largest pre-school operator here ties up with China investors to expand brand overseas

http://www.straitstimes.com/business/mindchamps-inks-deals-ahead-of-singapore-ipo

MindChamps PreSchool has inked agreements with Chinese investors ahead of a planned initial public offering (IPO) on the mainboard of the Singapore Exchange.

MindChamps, the largest operator and franchiser of premium-range pre-school centres in Singapore, has signed exclusive business partnerships with investment firms China First Capital Group (CFCG) and Hillhouse Capital.

The parties intend to operate pre-schools and kindergartens under the MindChamps brand in China, including Hong Kong, as well as in Australia and the United States.

More definitive terms will be entered into within six months from the IPO date, said CFCG in a bourse filing yesterday.

Last month, Bloomberg cited sources saying that the company intends to launch an IPO here as soon as this quarter, and is seeking a valuation of about $200 million. A spokesman for MindChamps declined to comment.

MindChamps was founded as an educational research centre in Australia in 1998 and opened its first pre-school in Singapore in 2008.

It now has six company-owned and 44 franchisee-operated pre-schools and reading and writing enrichment centres for children between the ages of two months and 10 years, across Singapore, Australia, the Philippines and the United Arab Emirates.

In its Hong Kong Exchange filing yesterday, CFCG said it has also entered into a cornerstone subscription agreement with MindChamps. It will subscribe for a 4.99 per cent stake in MindChamps, a financial commitment that is not expected to exceed $11 million, it said.

In 2014, Singapore Press Holdings bought a 22 per cent stake in MindChamps for $12 million.

CFCG, which sells automotive parts but began diversifying into the education business last year, said: "Globally, the early childhood education sector has gained much visibility in recent years. MindChamps PreSchool is well positioned to ride on the growth in the early childhood education industry and has built a prominent brand for pre-school education and achieved a leading position in the premium-range pre-school market."

In Singapore, where MindChamps has 36 pre-schools and three stand-alone enrichment centres, education and, in particular, enrichment is a growing industry.

A 2015 survey by The Straits Times and research firm Nexus Link found that four in 10 families here pack their pre-school children off to tuition, which costs them about $155 a month.

But competition for private education providers is also rising.

To deal with a shortage of pre-school places for children in the ages of zero to four, as well as to raise the quality and affordability of pre-schools here, the Government announced in August that by 2022, annual public spending on the pre-school sector will reach $1.7 billion, more than double the $840 million committed this year.

By 2023, pre-schools that are run or supported by the Government will take up two-thirds of the market share, up from half.
 

SpinFire

Arch-Supremacy Member
Joined
Apr 9, 2001
Messages
24,190
Reaction score
1
The parties intend to operate pre-schools and kindergartens under the MindChamps brand in China, including Hong Kong, as well as in Australia and the United States.

They should do well in China and Hong Kong where students and parents are willing to splurge on education. But for Australia and USA, I'm not so sure.
 

GGsg168

Arch-Supremacy Member
Joined
Sep 28, 2009
Messages
11,555
Reaction score
279
all the while I though Eton House is the most established and atas pre school.

tiagong monthly skool fees is approx S$2K.
 

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
320,183
Reaction score
80,653
From their website they also have some medical business
 

BeHappyLo

High Supremacy Member
Joined
Jun 17, 2014
Messages
48,742
Reaction score
5,022
A good biz model is one thing while a investor-friendly company is another. Do not be enamored with a IPO. We have seen some owners who rewarded themselves and families without caring a dime for minority shareholders.
 

luxcan

Senior Member
Joined
Oct 19, 2008
Messages
586
Reaction score
0
all the while I though Eton House is the most established and atas pre school.

tiagong monthly skool fees is approx S$2K.

Mindchamps is around that price from my last open house visit. Mindchamps is more academic which I felt more suitable for k1 and k2.
 

Dividends Warrior

Arch-Supremacy Member
Joined
Nov 7, 2010
Messages
22,929
Reaction score
865
Hi DW, I got this perception that being a Chinese tuition teacher is the best ?

Actually any subject tutor is good as long as he/she is effective in making the students produce positive results. That's the bottomline for most parents. When they see their children's results improving, they would prefer to continue with the tutor.

There is advantage being a Chinese language teacher though. Most parents from our generation could not teach their children Chinese (not even primary level), so they are always looking for Chinese tuition. Hahaha!

One thing is for sure. I am definitely applying for this IPO. ;)
 
Last edited:

peaceheart

Banned
Joined
Aug 3, 2006
Messages
106,772
Reaction score
27,814
My nephew is in Mindchamps, schools fees around 1.5k iirc. Anyway their fees are available online.

The other huat school is "Berries"

Parents are definitely willing to pay for such enrichment classes.
 

Mr. Wood

Banned
Joined
Oct 4, 2013
Messages
27,018
Reaction score
5,133
Actually any subject tutor is good as long as he/she is effective in making the students produce positive results. That's the bottomline for most parents. When they see their children's results improving, they would prefer to continue with the tutor.

There is advantage being a Chinese language teacher though. Most parents from our generation could not teach their children Chinese (not even primary level), so they are always looking for Chinese tuition. Hahaha!

One thing is for sure. I am definitely applying for this IPO. ;)

Follow DW.
huat ah!
 

Layers

Arch-Supremacy Member
Joined
Aug 12, 2004
Messages
16,927
Reaction score
0
Actually any subject tutor is good as long as he/she is effective in making the students produce positive results. That's the bottomline for most parents. When they see their children's results improving, they would prefer to continue with the tutor.

There is advantage being a Chinese language teacher though. Most parents from our generation could not teach their children Chinese (not even primary level), so they are always looking for Chinese tuition. Hahaha!

One thing is for sure. I am definitely applying for this IPO. ;)
wow sic your tots?

Sent from Sony E6853 using GAGT
 

Jupiter2017

Senior Member
Joined
Sep 2, 2017
Messages
1,479
Reaction score
0
http://www.businesstimes.com.sg/companies-markets/mindchamps-lodges-preliminary-prospectus-for-ipo
MindChamps lodges preliminary prospectus for IPO
Fri, Nov 10, 2017 - 8:20 PM Nisha Ramchandani nishar@sph.com.sg

MINDCHAMPS PreSchool, the largest operator and franchiser of premium-range pre-school centres in Singapore, has lodged its preliminary prospectus for a mainboard listing on the Singapore Exchange.
An earlier Bloomberg report, citing sources, said that the company is seeking a valuation of about S$200 million. A representative for MindChamps declined to comment when contacted on Friday.
China First Capital Group (CFCG), Hillhouse Capital and Target Asset Management have committed to come onboard as cornerstone investors, which will give them a collective stake of 11.97 per cent in the company after the initial public offering (IPO).
In a previous filing to the Hong Kong Exchange, CFCG had said that it would subscribe for a 4.99 per cent stake in MindChamps in a financial commitment that is not expected to exceed S$11 million.
In a separate release on Friday, Singapore Press Holdings (SPH) - which owns newspapers such as The Business Times - announced that its wholly owned subsidiary, Invest Learning, has entered into a sale and purchase agreement with MindChamps to boost its stake by an additional 4.84 per cent for around S$3.95 million.
Invest Learning had previously acquired a 22 per cent stake in MindChamps for S$12 million in 2014; this move will lift its stake to 26.84 per cent.
The IPO will include an international placement to investors as well as a public offering, the document said.
MindChamps currently has 10 company-owned and 44 franchisee-operated pre-schools, and reading and writing centres across Singapore, Australia, the Philippines and the United Arab Emirates.
MindChamps said that it plans to use the net proceeds to partly repay loans as well as to fund its potential expansion plans in Singapore and overseas.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top