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KKR to invest in Tarena International

KKR is making a strategic investment into Tarena International, a provider of professional education services in China.

KKR’s investment recognises the opportunities in China’s professional training market. In 2014, the industry reached USD12 billion, according to IDC, representing CAGR of more than 11% over the past four years. However, the sector represents just 0.12% of China’s GDP, compared to 0.32% and 0.22% in the US and Taiwan, respectively.

Tarena is an innovative education platform that combines live-distance instruction, classroom-based tutoring and online learning modules to students in China. It maintains a core focus in professional education services, and offers both part-time and full-time courses in ten IT subjects and three non-IT subjects, comprising digital art, online sales and marketing, and accounting. Tarena also offers dedicated job placement services to better enable students to achieve their career ambitions. The company was founded in 2002 and listed on the NASDAQ in 2014.

KKR intends to combine its global resources and network with local expertise to assist its investment companies by bringing value-add beyond capital. KKR’s China efforts and team highlight this approach, as they have invested through different economic cycles and in a number of market leading companies in China. KKR also has extensive experience in the education sector, having partnered with global companies such as Laureate International Universities and Cognita Schools.

Shaoyun Han, founder, Chairman and CEO of Tarena, says: “Tarena’s mission is to improve careers and change the lives of our students by delivering high quality professional education services. We believe that KKR’s rich experience in the education sector can help Tarena in its efforts to further strengthen its market leadership and achieve its vision of becoming the world’s leading and most innovative professional education service provider. We welcome KKR as a significant new shareholder and the extensive experience that it brings to our company.”

Julian Wolhardt, Member of KKR, says: “Tarena is a great company and a leader in its field with an excellent management team. We are very impressed with the Company’s strong track record and its potential for future growth. We look forward to leveraging our global network and local experience to help Tarena capture new market opportunities.”

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