KKR buys controlling stake in Dunedin’s Education Perfect

Fri, 25 Jun 2021

US private equity firm KKR has bought a controlling stake in Dunedin’s Education Perfect, valuing the company for as much as $455 million if the online education firm hits earn-out targets.KKR will buy a 37.8% stake from investment firm Mulpha International and other minority shareholders to take control of the Kiwi company, that’s used by more than 3,000 schools, 50,000 teachers, and a million students in more than 50 countries.Australian private equity firm Five V Capital and senior management and co-founders Craig and Shane Smith...

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