Transaction marks KKR’s first Global Impact
investment in the Philippines
KKR, a leading global investment firm, and PHINMA Education
Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading
private higher education group and the education arm of Filipino
conglomerate PHINMA Corporation, today announced the signing of
definitive agreements under which funds managed by KKR will invest
in PHINMA Education, with participation from existing shareholder
Kaizenvest. PHINMA Corporation will remain the majority shareholder
in PHINMA Education.
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the full release here:
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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. Guided by PHINMA’s mission to ‘Make Lives Better
Through Education,’ 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 and one in Indonesia.
KKR is investing in PHINMA Education from its Global Impact Fund
II, which targets companies whose core business contributes
meaningfully towards one or more of the United Nations Sustainable
Development Goals (SDGs). PHINMA Education’s mission directly
contributes toward SDG 4 (Quality Education).
George Aitken, Managing Director and Head of Global Impact
for Asia Pacific at KKR, said, “PHINMA Education’s mission of
delivering quality, affordable education to underserved communities
aligns strongly with our Global Impact strategy. We will look to
leverage KKR’s deep experience investing in education companies
globally to support the management team’s vision to scale the
company and become a leading education platform across Southeast
Asia.”
Ramon R. del Rosario, Jr., Chairman and Chief Executive
Officer of PHINMA Corporation, said, “When PHINMA first entered
the education business two decades ago, we wanted to help improve
the lives of young Filipinos in need and in turn, their families.
Our commitment to this mission remains steadfast to this day. This
collaboration between PHINMA Education and KKR, a like-minded
strategic partner, puts us in a better position to serve and uplift
the youth of the Philippines and Southeast Asia.”
Dr. Chito B. Salazar, President and Chief Executive Officer,
PHINMA Education, added, “While our network has grown
significantly over time, there continues to be so many more
prospective students to reach, existing students to help keep in
school and so much more to do to make college education more
accessible to those who need it most. We are fortunate, therefore,
to have an investor of KKR’s quality to help us make the lives of
the underserved youth in Southeast Asia better. Their investment
will support our ability to scale our systems, enter new markets,
and empower our students to achieve the future they want and
deserve.”
PHINMA Education marks the latest education and workforce
development investment by KKR Global Impact, in addition to: EQuest
Education, an education group in Vietnam with offerings covering
K-12, edtech and vocational training; Education Perfect, a leading
learning, assessment, and analytics platform in Australia and New
Zealand; Graduation Alliance, which works with students of all ages
through partnerships with educators, government agencies, community
leaders, and employers to provide versatile pathways to graduation
and employment in the United States; Lightcast, a provider of labor
market analytics software that delivers real-time data and planning
tools to educators in the United States; and Master Distancia, a
leading vocational education provider in Spain, Portugal and
Italy.
The transaction is expected to close in the third quarter of
2024, subject to approval of the Philippine Competition
Commission.
****
About PHINMA Education
PHINMA Education Holdings, Inc. part of PHINMA Corporation,
started operating in the education services sector in 2004 through
the acquisition of PHINMA Araullo University in Nueva Ecija. It has
since expanded its presence across the Philippines, serving more
than 150,000 students across a school network which includes:
PHINMA Cagayan de Oro College, PHINMA University of Pangasinan,
PHINMA University of Iloilo, Southwestern University PHINMA in Cebu
City, PHINMA Saint Jude College in Manila, PHINMA Republican
College in Quezon City, PHINMA Rizal College of Laguna, and PHINMA
Union College of Laguna. It also aims to expand across Southeast
Asia beginning with Horizon Education in Indonesia. For more
information, please visit: https://www.phinma.edu.ph.
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.
For additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
About PHINMA Corporation
PHINMA Corporation is a Filipino-owned conglomerate that seeks
to build the nation through successfully run businesses that make
lives better for nearly 70 years now. The Group provides
communities in the Philippines and beyond the essentials to a
dignified life through its education, construction materials,
property development, and hospitality businesses. As it champions
using business as a force for good, PHINMA believes in mutually
serving the needs of society and the aspirations of shareholders.
For more information about PHINMA Corporation, please visit
www.phinma.com.ph.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240520933429/en/
Media For KKR Asia Pacific Wei Jun Ong +65 6922 5813
WeiJun.Ong@kkr.com
For PHINMA Education Rosie Ramirez +63 905 253 5719
maramirez@phinmaed.com
For PHINMA Corporation Patrice Manuel +63 977 347 5346
plmanuel@phinma.com.ph
KKR (NYSE:KKR)
過去 株価チャート
から 5 2024 まで 6 2024
KKR (NYSE:KKR)
過去 株価チャート
から 6 2023 まで 6 2024
