Founded by Prajodh Rajan and Vikas Phadnis in 2001, EuroKids manages its own preschools and schools and also operates through a franchise model across India.
KKR India will acquire around 90% of an education company, the EuroKids Group, for about Rs 1,500-2,000 crore.
The private equity firm will be buying the stake from existing private equity investors, domestic fund Gaja Capital, which holds about 75%, and Swiss fund Partners Group, which has 17%. The promoter will be holding the remaining stake in the preschool chain.
The EuroKids deal will be the third acquisition by the US-based firm this year in which it takes on a controlling role. This also marks KKR’s foray into the education sector in India.
Founded by Prajodh Rajan and Vikas Phadnis in 2001, EuroKids has a network of 1,000 schools in 360 cities in the country. It manages its own preschools and schools and also operates through a franchise model across India.
The EuroKids Group comprises of Eurokids International Pvt Ltd, Euroschool Properties & Infrastructure, Euroschool International, Euroschool Foundation, Euroschool Education Trust, Kangaroo Kids Education and Lina Ashar Foundation.
Last year, the group acquired preschool chain Kangaroo Kids and Billabong High International Schools. While Kangaroo Kids has a network of 100 preschools, Billabong High Schools has a network of 21 schools.