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KKR's Education Perfect unlikely to achieve earnout after $400m sale

Victoria Young
Tue, 21 Jun 2022

KKR's Education Perfect unlikely to achieve earnout after $400m sale
Alex Burke is the CEO of Education Perfect, which was sold to US private equity firm KRR last year. (Image: NZME)
Victoria Young
Tue, 21 Jun 2022
KKR’s Education Perfect will not achieve 2022 earn-out targets, meaning shareholders won’t get a $20m bonus following its 2021 sale.US private equity firm KRR picked up Education Perfect for $411.45m last year, as well as the smaller Ed Potential for $2.9m.The goodwill component for online tutoring firm Education Perfect was $338.44m and $2.96m for the smaller Ed Potential.Education Perfect was founded by Craig and Shane Smith who led the company for 10 years before handing over to new management in 2019. The company is now led by A...

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