Wall Street Institute Sells Its Chinese Subsidiary, Wall Street English, To Pearson plc For $145 Million

April 15, 2009

Wall Street Institute today announced the sale of its Chinese subsidiary, Wall Street English, to Pearson plc, the international education and information company, for $145 million in cash. Wall Street Institute (WSI) is majority-owned by global private equity firm The Carlyle Group. The transaction closed today.

Timothy F. Daniels, Chief Executive Officer of WSI, said, “Demand for English language instruction around the world is on the rise and in China it is tremendous. To date we’ve barely scratched the surface of the opportunity this massive country presents. We are pleased that Pearson has agreed to purchase Wall Street English and take the business to the next level of success.” He added, “We are excited about continuing to grow WSI globally in markets outside China.”

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