Hillhouse in Talks for Dulwich Schools as Blackstone Bid Falters

Hillhouse Investment is in talks to acquire Dulwich College International’s schools, according to people familiar with the matter, after Blackstone Inc.’s attempt to buy some of the assets in Asia fell apart.

Hillhouse has emerged as a suitor for the network of schools, including those in China, said the people. That would see it overtake Blackstone, which had been considering acquiring the international school assets only in Singapore and Seoul for about $600 million, Bloomberg News reported in April.

Discussions between Hillhouse and Education in Motion, which runs the schools, are ongoing and no final decision has been made, ...