Singapore Press Holdings (SPH) has bought a 22% stake in pre-school and enrichment provider MindChamps Holdings. SPH paid approximately SG$12 million in cash for 110,000 shares in MindChamps Preschool (Worldwide).
This is SPH's first investment into the education business. MindChaps first started in 2008 and has over 20 pre-school outlets locally.
This is one of SPH’s many recent acquisitions.
It recently made an investment into real time bidding platform Smaato where Smaato has said the funds will be used to fuel growth, operations and development of its platform, focused on self-serve automation. SPH has been pushing heavily for a move to digital, introducing several initiatives including launching a content marketing studio for advertisers to market content across its assets.
Meanwhile, last year SPH acquired popular online classified site for cars SgCarMart.com for SG$60 million. The deal came shortly after it snapping up Chope, a local restaurant booking site earlier this year for SG$1.8 million.