为什么教育培训并购看重资质和续班?
中国职业培训、成人教育、素质教育、教育科技和学校资产的价值来自课程、品牌、学生来源和合规运营。买方会特别关注监管变化和退款义务。
估值重点
估值应关注资质、学生来源、续班率、课程毛利率、教师稳定性、获客成本、校区利用率、退款政策和现金收款节奏。
尽职调查重点
尽调应覆盖办学或经营资质、课程内容、学生合同、退款义务、教师合同、租约、数据保护和历史投诉。
卖方准备
卖方应准备资质文件、课程体系、学生数据、续班率、教师合同、退款政策和校区租约。
Lyndon如何协助
Lyndon可协助中国教育企业、买方和顾问准备估值、资料室、监管清单和交易执行。
About the Author

Daniel Bae
Co-founder & CEO, Lyndon Advisory
Daniel is an investment banker with 15+ years of experience in M&A, having advised on deals worth over US$30 billion. His career spans Citi, Moelis, Nomura, and ANZ across London, Hong Kong, and Sydney. He holds a combined Commerce/Law degree from the University of New South Wales. Daniel founded Lyndon Advisory to solve the pain points in M&A, enabling bankers to focus on what matters most — delivering trusted advice to clients.
About Lyndon Advisory
Lyndon Advisory is an M&A advisory firm built for Asia Pacific. We help business owners sell their companies and investors make strategic acquisitions with senior-led execution, disciplined process management, and AI-supported buyer intelligence.
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