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Indochine Counsel advised EQuest Education Group in relation to the acquisition of controlling stake in Khoi Nguyen Education Group

Indochine Counsel Press Release

Ho Chi Minh City, 13 December 2022 - Indochine Counsel acted for EQuest Education Group (EQuest) in relation to the acquisition of controlling stake in Khoi Nguyen Education (KNE), as well as the strategic partnership between the parties, per an announcement by EQuest on 5 December 2022.

The signing ceremony of the strategic cooperation agreement between EQuest and KNE took place on 2 December 2022, under which, EQuest will become the key shareholder and join the Board of Directors of KNE.

Owning four famous international and bilingual schools in Ho Chi Minh City with more than 3,000 students from kindergarten to grade 12 (K-12) and the most modern facilities system in Vietnam, KNE Group is currently the first and only private educational institution in Vietnam to provide the K-12 educational programs of Ontario Province (Canada), under the advisement and quality supervision of the Toronto City Department of Education, Canada’s largest public education department and the fourth largest in North America. CIS was accredited by the prestigious International Baccalaureate (the IB) in 2015 and is now an official member of the Council of International Schools.

EQuest Education Group is one of the largest private educational institutions in Vietnam with more than 130,000 students in an ecosystem from K-12 to colleges, universities, and educational technology (EdTech) across the country. In June 2022, EQuest became the first educational group in Vietnam that achieved comprehensive quality accreditation by Cognia, the largest US-based accreditation body in the world. EQuest is backed by KKR, one of the largest investment funds in the world with an investment value of US$496 billion as of 30 September 2022. KKR has invested nearly US$14 billion in education in many countries, including Vietnam.

With a holistic and integrated education ecosystem, students of EQuest and KNE will be able to benefit from enlarged resources and advantages, as well as domestic and international cooperation relationships, thereby enhancing the quality of learning outcomes for students aiming to study at top universities in Vietnam and internationally. EQuest and KNE will share financial resources, best management practices, exchange teaching resources, technology platforms, and development experiences from the top schools in the two systems. Furthermore, students of the two systems have more opportunities to access and experience world-class training programs.

The Indochine Counsel team includes Managing Partner Dang The Duc, Associate Le Thanh Cong and Junior Associate Pham Hoang Vu, with assistance from Nguyen Thi Thanh Truc and Ngo Dang Loc.

About Indochine Counsel

Indochine Counsel is one of Vietnam’s leading law firms. It is a business specialty firm with nearly thirty lawyers in both Ho Chi Minh City and Hanoi. Founded 16 years ago, Indochine Counsel has six partners and is capable of handling both boutique services and large M&A deals. For more information about Indochine Counsel, please visit our website at

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