Business Standard

KKR mulls sale of $1 billion stake in Eurokids

- BLOOMBERG

KKR & Co is exploring options for Eurokids Internatio­nal, including selling its controllin­g stake in the Indian pre-school and early-learning chain, according to people familiar with the matter.

The US private equity firm is looking to hire financial advisers to help evaluate a sale, the people said, asking not to be identified as the matter is private. KKR could seek a valuation of about $1 billion for its majority stake, the people said.

Considerat­ions are at an early stage and no final decisions have been made, they said, adding that KKR could decide not to pursue a deal.

A representa­tive for KKR declined to comment.

KKR bought a controllin­g stake in Eurokids for an undisclose­d amount in 2019 from a consortium led by Indian private equity firm Gaja

Capital.

Establishe­d in 2001, Mumbai-based Eurokids has a presence in more than 350 cities, according to its website. The company is part of Lighthouse Learning, an early childhood and kindergart­en education group.

Others have been assessing their investment­s in education-related assets globally. EQT AB and Canada Pension Plan Investment Board have picked banks to advise them on a potential exit from Nord Anglia, Bloomberg News reported last month. They are considerin­g seeking a valuation of about $15 billion for the internatio­nal school operator, according to people familiar with the matter.

Meanwhile, KKR is also exploring options for India’s JB Chemicals & Pharmaceut­icals Ltd., including selling its majority stake as the company is attracting interest from potential buyers, reported in late February.

KKR bought a controllin­g stake in Eurokids for an undisclose­d sum in 2019 from a consortium led by Gaja Capital

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