KKR is investing through its Global Impact Fund II, which supports companies contributing to one of the Sustainable Development Goals (SDGs).
On Friday, October 4, PHINMA Education Holdings, Inc., the private education arm of Filipino conglomerate PHINMA Corporation, announced the completion of the initial investment of leading global investment firm KKR.
“We have already started working together in several areas,” said Dr. Chito B. Salazar, President and CEO of PHINMA Education.
He added: “We are leveraging KKR’s global experience and networks to help us improve our completion rates, refine growth strategies, and reach more underserved students.”
Happy A. Tan, PHINMA Education’s Country Chief for the Philippines, added, “In the months since we began this process, KKR has shared their resources and expertise with us to make headway on what matters most – making lives better through education.”
The transaction, first announced in May 2024, has closed following the completion of the customary regulatory approvals.
Areas of collaboration include efforts for digital transformation and ESG.
PHINMA Education Holdings, Inc. part of PHINMA Corporation, started operating in the education services sector in 2004 through the acquisition of PHINMA Araullo University in Nueva Ecija.
It has since expanded its presence across the Philippines, serving more than 150,000 students across a school network which includes: PHINMA Cagayan de Oro College, PHINMA University of Pangasinan, PHINMA University of Iloilo, Southwestern University PHINMA in Cebu City, PHINMA Saint Jude College in Manila, PHINMA Republican College in Quezon City, PHINMA Rizal College of Laguna, and PHINMA Union College of Laguna.
It also aims to expand across Southeast Asia beginning with Horizon Education in Indonesia.