M&A Deal Summary

KKR and PSP Investments Acquire EuroKids India

On September 5, 2019, private equity firm KKR and pension PSP Investments acquired education company EuroKids India from Gaja Capital

Acquisition Highlights
  • This is KKR’s 5th and PSP Investments’ 2nd transaction in the Education sector.
  • This is KKR’s 16th and PSP Investments’ 1st transaction in India.

M&A Deal Summary

Date 2019-09-05
Target EuroKids India
Sector Education
Buyer(s) KKR
PSP Investments
Sellers(s) Gaja Capital
Deal Type Secondary Buyout
Advisor(s) Avendus (Financial)
Nishith Desai Associates (Legal)

Target

EuroKids India

Mumbai, India
EuroKids India is a private education services providers serving 120,000 students served across 1,100+ pre-schools and 35 K-12 schools. They target mass-premium and prestige segments across 4 brands - EuroKids, EuroSchools, Kangaroo Kids, and Billabong High. EuroKids India was founded in 1993 and is based in Mumbai, India.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 320 of 502
Sector: Education M&A 5 of 10
Type: Secondary Buyout M&A Deals 64 of 113
Country: India M&A 16 of 29
Year: 2019 M&A 24 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 Huohua

Beijing, China

Huohua is a player in K-12 online small-class math tutoring sector and mainly provides 1v4 or 1v6 small class live-streaming courses. Huohua is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-11 Lightcast

Boston, Massachusetts, United States

Lightcast is a provider of labor market analytics software that delivers real-time data and planning tools to educators, employers, and public sector constituents. Lightcast was founded in 1999 and is based in Boston, Massachusetts.

Buy -
Buyer

PSP Investments

Investor Investor Investor Investor Investor


Category Pension
Founded 1999
PE ASSETS 299.7B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.


DEAL STATS #
Overall 22 of 32
Sector: Education M&A 2 of 2
Type: Secondary Buyout M&A Deals 9 of 12
Country: India M&A 1 of 1
Year: 2019 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Galderma

Zug, Switzerland

Galderma is a global skincare company offering medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland.

Buy Fr.10.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Stahmann Webster

Brisbane Queensland, Australia

Stahmann Webster is an agribusiness operating walnut and almond orchards in NSW and Tasmania, irrigable land for cotton and other annual crops, cattle and dorper sheep production, a portfolio of water entitlements and an apiary business in NSW. Stahmann Webster was founded in 1831 and is based in Leeton, Australia.

Buy -

Seller(S) 1

SELLER

Gaja Capital

Mumbai, India

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Gaja Capital Partners is an independent private equity firm focused on mid-market investment opportunities in India. Gaja looks to act as a minority investor in buy-outs, turnarounds and pre-IPO situations, with a general strategy of using investment capital to fund growth. The firms invests in the range up to $1 billion per transaction. Gaja is a generalist firm that will consider investments across many sectors inclding education, financial Services, IT, pharmaceuticals and telecommunications. Gaja Capital Partners was formed in 2004 and is located in Mumbai.


DEAL STATS #
Overall 6 of 6
Sector: Education M&A 2 of 2
Type: Secondary Buyout M&A Deals 1 of 1
Country: India M&A 6 of 6
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-05 Chumbak

Bangalore, India

Chumbak is a provider of lifestyle brand, creating joyful products in categories across home decor, fashion, accessories, and personal care, all designed to brighten up your living space, your office, and your wardrobe. Chumbak was founded in 2010 and is based in Banalore, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-22 XpressBees

Pune, India

Xpressbees is fastest growing express logistics service provider in India catering to end-to-end supply chain solutions. Our logistics solutions across B2B Xpress, B2C Xpress, Cross-border and 3PL(Third Party Logistics) come with an edge of speed, accuracy & scalability. XpressBees was founded in 2015 and is based in Pune, Maharashtra.

Buy -