KKR & Co is considering a sale of its controlling stake in Indian pre-school and early-learning provider EuroKids International for around $1bn, as well as other options for the business, according to a report by Bloomberg.
The report cites unnamed sources as confirming that the US private equity firm is looking to hire financial advisers help evaluate a sale, although the process is at an early stage and KKR could still decide not to proceed with a deal.
KKR bought a controlling stake in EuroKids, which was founded in Mumbai in 2001, for an undisclosed amount in 2019 from a consortium led by Indian private equity firm Gaja Capital. Part of early childhood and kindergarten education group Learning, the company operates in over 350 cities as well as online.
