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October 27, 2004

Tozai to help Shane's China Expansion

Shane English Schools is to receive funding that will help it expand its operations in China's rapidly growing EFL market. Shane Corporation KK, a member of the Saxoncourt Group and parent company of Shane English School Japan, announced yesterday that it has signed a Letter of Intent with Tozai Capital KK to jointly invest into the Shane branded chain of English Language Schools in China.

The Saxoncourt Group, which currently has more than 250 schools in 12 countries worldwide, has been in operation in China since 2001 and operates schools in Shanghai and Beijing, as well as a number of franchises across the country. The total number of Shane English Schools in China currently stands at 14, two directly managed and twelve franchised, teaching more than 12,000 students.

Tozai Capital KK is an M&A investment fund established in July 2004. The investment by Tozai Capital, would be their first step into the EFL market, and would enable Shane to further develop its market share, positioning the company as a market leader in the rapidly expanding Chinese EFL market. With the opening of additional directly managed schools as well as continued franchising over the next 5 years, expansion will take place throughout China with Head Offices in Shanghai, Beijing and Guangzhou.
Saxoncourt Group
Tozai Capital

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