Global law firm Norton Rose Fulbright has advised BNP Paribas Securities (Asia) Limited as the sole sponsor on the initial public offering (IPO) of Edvantage Group Holdings Limited (Edvantage Group) on the Hong Kong Stock Exchange.
Edvantage Group is the largest private higher education group in the Greater Bay Area in China. Schools operated by Edvantage Group include Huashang College – Guangdong University of Finance and Economics, Guangzhou Huashang Vocational College and the Global Business College of Australia.
Psyche Tai, the Hong Kong-based partner who led this deal, commented:
"The IPO of Edvantage Group demonstrates growing demand for higher education alongside favourable demographics with increasingly higher spending power in the Greater Bay Area in China. Our teams have been involved in a number of successful listings for China education-related businesses on the Hong Kong Stock Exchange and this deal will further boost our credentials in this sector."
Along with Psyche Tai, the Hong Kong team for this deal included partner Vicky Lam, associate Timothy Lam and associate Raymond Yeung.
Norton Rose Fulbright previously advised Macquarie Capital Limited as the sole sponsor and sole global coordinator on the IPO of JH Educational Technology Inc in June. In December 2018, the firm also advised CMB International Capital Limited on the landmark IPO of China Beststudy Education Group.