Class in session: Unlocking value in SE Asia’s K-12 boom

SE Asia’s international K-12 sector is booming – expanding nearly 2x faster than the rest of Asia – and fast becoming a global magnet for investors.

In our latest insight piece, we explore why global education groups and private equity investors are doubling down on the region’s resilient and high-growth K-12 space, where opportunity remains vast and attractive.

Key highlights:

• Surging growth: SE Asia’s international K-12 campus growth has been outpacing the rest of Asia by ~2x from 2020-2025, fueled by both expat and rising local demand
• Massive market: Over 110 million students aged 5 to 19 across 5 dynamic economies – with significant TAM expansion driven by policy liberalization and demographic shifts
• Attractive economics: Mature K-12 platforms deliver 20–30% EBITDA margins, with high visibility from prepaid fees and long student lifecycles
• Fragmented field: Scaled operators control just ~5% of the region’s 2,000+ international campuses – creating ample headroom for roll-ups and platform building
• Favorable tailwinds: SE Asia offers investor-friendly regulations, stable pricing, and a policy environment that supports long-term private sector participation

Download the full report to explore market deep-dives, valuation trends, and the leading consolidators shaping the region’s educational future.

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About BDA Partners

BDA Partners is the global investment banking advisor. We are a premium provider of Asia-related advice to sophisticated clients globally, with 30 years’ experience advising on cross-border M&A, capital raising, and financial restructuring. We provide global reach with our teams in New York and London, and true regional depth through our seven Asian offices in Mumbai, Singapore, Ho Chi Minh City, Hong Kong, Shanghai, Seoul and Tokyo. BDA has deep expertise in the Chemicals, Consumer & Retail, Health, Industrials, Services, Sustainability and Technology sectors. We work relentlessly to earn our clients’ trust by delivering insightful advice and outstanding outcomes. BDA Partners has strategic partnerships with William Blair, a premier global investment banking business, and with DBJ (Development Bank of Japan), a Japanese government-owned bank with US$150bn of assets.

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