KKR Invests in Leading Filipino Higher Education Group PHINMA Education

KKR, a leading global investment firm, and PHINMA Education Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, today announced the signing of definitive agreements under which funds managed by KKR will invest in PHINMA Education, with participation from existing shareholder Kaizenvest. PHINMA Corporation will remain the majority shareholder in PHINMA Education.

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Established in 2004, PHINMA Education seeks to provide quality, affordable tertiary education to underserved youth, equipping them with professional and vocational training that supports gainful employment. Guided by PHINMA’s mission to ‘Make Lives Better Through Education,’ it is one of the largest private higher education groups in Southeast Asia, serving around 150,000 students through its fast-growing network of colleges and universities, including nine in the Philippines and one in Indonesia.

KKR is investing in PHINMA Education from its Global Impact Fund II, which targets companies whose core business contributes meaningfully towards one or more of the United Nations Sustainable Development Goals (SDGs). PHINMA Education’s mission directly contributes toward SDG 4 (Quality Education).

George Aitken, Managing Director and Head of Global Impact for Asia Pacific at KKR, said, “PHINMA Education’s mission of delivering quality, affordable education to underserved communities aligns strongly with our Global Impact strategy. We will look to leverage KKR’s deep experience investing in education companies globally to support the management team’s vision to scale the company and become a leading education platform across Southeast Asia.”

Ramon R. del Rosario, Jr., Chairman and Chief Executive Officer of PHINMA Corporation, said, “When PHINMA first entered the education business two decades ago, we wanted to help improve the lives of young Filipinos in need and in turn, their families. Our commitment to this mission remains steadfast to this day. This collaboration between PHINMA Education and KKR, a like-minded strategic partner, puts us in a better position to serve and uplift the youth of the Philippines and Southeast Asia.”