Pearson plc (NYSE: PSO), the London-based publisher of Penguin Books Ltd., spent $16.3 million for PT Efficient English Services, which operates Wall Street Institute in Indonesia, from Navis Capital Partners.

Navis Capital, a private equity firm based in Kuala Lumpur, Malaysia, established the service in 2007 through its funds Navis Asia Fund IV and Fund IV-S, with a $1.5 million investment.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.