TAL Education Group (NYSE:TAL) announced a private placement of class A common shares for gross proceeds of $500,000,000 on January 5, 2018. The transaction will include participation from a returning long-term equity investment firm to hold 5% stake in the company. The securities issued are subject to six months hold period. The closing of the transaction is subject to customary conditions. The company expects to close the transaction in January 2018. The company will issue securities pursuant to exemption provided under Section 4(2) of the Securities Act or Regulation S.