KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has consolidated all education assets in its investment portfolio under the newly-launched Ilmu Education Group (ILMU).
Its chairman Raja Tan Sri Arshad Raja Tun Uda said, ILMU is an integrated multi brand education provider comprising seven institutions in Malaysia and Sri Lanka owned by the government's private equity firm.
Education is one of the core sectors of Ekuinas' investment representing nearly 23 per cent of its portfolio.
"The formation of ILMU is driven by the aspiration to establish a leading Bumiputera-owned education group that aims to set new benchmarks in the industry," he said at the launch, here, today.
Arshad said, ILMU provides end-to-end learning to over 35,000 students across 21 campuses and serving primary and secondary (K12) and tertiary markets.
For financial year 2014, ILMU recorded an industry leading combined pro forma revenue of RM376.7 million with earnings before interest, taxes, depreciation and amortisation (EBITDA) in excess of RM100 million.
"The recent acquisition of Tenby Schools by Ekuinas adds to the growth of ILMU's K12 offerings," said Arshad.
Other institutions in ILMU's stable include Asia Pacific University of Technology & Innovation, UNITAR International University, and Asia Pacific Schools.
Arshad said education is one of the fastest expanding industries in the country, with immense growth potential which is expected to double from RM7 billion to RM14 billion this year.