CVC Capital Partners Asia V ("CVC"), has completed the investment in TRY Group ("TRY"), the largest one-to-one tutoring services provider in Japan.
Founded in 1987, TRY is a pioneer of home tutoring services and has expanded to become one of the leading players in the Japanese education industry. It offers a range of educational services focusing on personalized tutoring services both at home and classrooms, with a nationwide network of over 200,000+ registered tutors across 1,100 locations serving more than 1.2m students over 30 years.
CVC is well-positioned to support TRY's ongoing organic growth and strategic development plans, thanks to its global experiences of investing in a diverse range of education providers, including: GEMS Education (Dubai), Multiversity (Italy), QA Group (UK) and Universidad Alfonso X El Sabio (Spain).
Atsushi Akaike, Partner and Co-Head of CVC Japan, said: "We are very pleased to be investing in a growing and leading business. CVC Funds have diverse experiences of investing in the education sector globally. We believe we can use these learnings to support the business continued organic growth as well as by developing new and innovative digital applications.
Yukinori Sugiyama, Partner and Co-Head of CVC Japan, added: "TRY Group presents an exciting opportunity to partner with a market-leading business in an expanding niche of the Japanese education sector. We are delighted to support the company's growth by further driving digitalization and developing new services. We look forward to working closely with TRY's talented teams to support their future ambitions."