05:01 AM EDT, 08/25/2025 (MT Newswires) -- (Updates to add TPG's response in the fourth paragraph)

TPG (TPG) is working with financial advisers to explore a potential sale of XCL Education, Bloomberg reported Monday, citing unnamed people familiar with the matter.

A potential deal could value Singapore-based XCL at up to $1.5 billion, the report said, adding that discussions are still in early stages and TPG may choose not to sell.

XCL runs schools in Singapore, Thailand, and Vietnam, and is backed by TPG and Singapore's Temasek, according to the report.

TPG declined to comment, while XCL Education did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)