Global investment company KKR is investing in PHINMA Education Holdings Inc. which runs a network of schools serving more than 150,000 students across the Philippines.
PHINMA Education, the education arm of conglomerate PHINMA Corp., signed definitive agreements under which funds managed by KKR will invest in PHINMA Education, with participation from existing shareholder Kaizenvest. PHINMA Corp. will remain the majority shareholder in PHINMA Education.
The transaction is expected to close in the third quarter of 2024, subject to customary regulatory approvals, including that of the Philippine Competition Commission.
Established in 2004, PHINMA Education seeks to provide quality, affordable tertiary education to underserved youth, equipping them with professional and vocational training that supports gainful employment. It is one of the largest private higher education groups in Southeast Asia, serving around 150,000 students through its fast-growing network of colleges and universities, including nine in the Philippines
