A Powerful Partnership In Education

In May 2019, Yuchengco Group of Companies and Ayala Corporation completed the merger of their education institutions AC Education and iPEOPLE Inc., with iPEOPLE as the surviving entity.

This brings together the seven educational institutions of iPEOPLE and AC Education, which offers quality education to students across all income segments, with campuses in Metro Manila, Calabarzon, the Bicol Region and Mindanao.

The merger includes iPEOPLE and its significant subsidiary, Malayan Education System Inc., which operates under the name of Mapua University, one of the country’s leading engineering and technical universities. It also includes iPEOPLE’s Malayan Colleges Laguna, the best board exam performing private higher education institution in Calabarzon, Malayan Colleges Mindanao in Davao, and Malayan Science High School in Manila.

It also includes AC Education and its subsidiaries, the University of Nueva Caceres, one of the oldest and largest universities in Bicol, National Teachers College, the country’s pioneer private teachers’ training tertiary education institution, and APEC Schools, the largest chain of private stand-alone high schools in the country.

The merger is touted as a marriage of two giants aimed at capturing the growing student market in the country through affordable but quality education.

iPEOPLE Inc., is the education subsidiary of Yuchengco-owned House of Investments Inc. The merger will bring together a population of over 60,000 students. The Yuchengco Group has businesses in banking, automotive, insurance, and education, among others. It is led by Helen Yuchengco Dee, daughter of the group’s founding chairman, banking taipan, and former ambassador, the late Alfonso Yuchengco.

Ayala Corp., currently led by brothers Jaime Augusto and Fernando Zobel de Ayala, is the oldest conglomerate in the country with businesses in banking, telecoms, property and water. In recent years, it also expanded into health, energy, and education.