Facebook
Google+
https://www.eldrok.com/kkr-enters-education-sector">
Twitter
Pinterest
LinkedIn

PE firm KKR enters education sector in India, buys 90% stake in EuroKids

KKR India, a private equity firm is planning to buy 90% of the education company, the EuroKids Group. According to the sources, the deal will be done at an estimated amount of $200 million. Earlier this year, KKR acquired 60 per cent stake in Max Healthcare India for $530 million and also invested in Cognita Schools (UK based schools), which offers K-12 education. In the year 2018-19, EuroKids earned revenue of $63 million, which is one of the highest among preschool chain across India. EuroKids also work as a franchise model and owns schools such as Billabong High and Kangaroo Kids. The preschool chain is growing at a rate of 22 per cent a year. EuroKids would face competition from other players like Modern Montessori International, Shemrock and Shemford, TreeHouse etc. By acquiring the group, EuroKids is also planning to expand more of their schools in countries like Nepal and Bangladesh.