KKR acquires majority stake in EuroKids from Gaja Capital
Private equity player KKR on Thursday said it has acquired a majority stake EuroKids, a pre-school and school chain, from the existing investor consortium led by Gaja Capital. The portfolio includes EuroKids, EuroKids DayCare, Kangaroo Kids, EuroSchool and Billabong International. It has 1,115 pre-schools and 35 K-12 schools across five countries.
EuroKids will continue to be managed by its team of experienced educators, administrators and management team led by co-founder and group CEO Prajodh Rajan, who will also remain a shareholder in the company, a press release said. "We are receiving investment and support from KKR which shares our vision, ambition and passion for education," Rajan said.
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