Supporting the cultivation of talents with international vision in China

Macquarie Capital acted as sole financial adviser to Meten International Education Group (Meten) on its listing on Nasdaq via a merger with EdtechX Holdings Acquisition Corp. (EdtechX).

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Sector Services
Sub-sector Education
Location China


Meten is a leading English language training (ELT) service provider in China, delivering English language and future skills training for Chinese students and professionals. Meten benefits from a highly efficient business model, which leverages the synergies between its nationwide network of 149 learning centres and Likeshuo, a popular English digital tutoring platform for young professionals.

In 2019, Meten was seeking to list on the US stock market to support their fast-business growth and expansion.


Macquarie acted as the sole financial adviser to Meten on its Nasdaq listing via a merger with EdtechX.

EdtechX (NASDAQ: EDTX), headquartered in London UK, is the world’s first Special Purpose Acquisition Company (SPAC) focused on the consolidation and development of education services and the education technology industry. EdtechX listed on the Nasdaq on October 2018 with an initial capital raise of $US63.5 million. Compared with an Initial Public Offering process, a SPAC merger is faster with higher certainty, and has financing support from the SPAC and better corporate governance after listing.

Macquarie Capital utilised its extensive experience in the education and training sector in China, to develop an attractive and compelling equity story, gain support from global investors, and ultimately obtain listing status for Meten.


Meten entered into a definitive merger agreement with EdtechX and completed the transaction in March 2020, and is the first Chinese education company listed via a SPAC merger and the seventh Chinese education company Macquarie advised to achieve listing status.

Following the merger, Meten and EdtechX have rebranded as Meten EdtechX Education Group (METX) and will continue to focus on providing leading English language and future skills training to a fast-growing population of Chinese students and professionals. 


Chinese education company listed via a SPAC merger

$US32 million

private placement from global investors

“Our team is proud to have supported Meten as this is the first Chinese education company listed via SPAC merger. By leveraging our expertise in the education sector, we were able to help Meten to pursue its expansion plans and offer industry leading English and future skills training to a fast-growing population of Chinese professionals.”

Raymond Sun, Co-Head of Equity Capital Solutions, Macquarie Capital Asia

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