KKR injects US$100 mln into Vietnamese education group
VOV.VN - KKR, one of the world's largest investment firms, has unveiled details of an investment of US$100 million made in EQuest Education Group through the KKR Global Impact Fund, according to business news outlet DealStreetAsia.
This marks the fourth global investment in the field of education and workforce development based on the KKR Global Impact Foundation's "lifelong learning" orientation.
Along with Vinhomes and Masan MEATLife, this is the third Vietnamese enterprise that has received KKR investment. As of March 31, the company's total global assets amount to US$367 billion.
Ashish Shastry, co-head of Asia Private Equity and head of Southeast Asia at KKP, revealed that investing in Vietnam and supporting its businesses and industries remains a crucial strategy of KKR in Asia.
Furthermore, the country’s elevated status among the global economic stage, coupled with access to affordable and high-quality education, will be an important factor in meeting its objectives, according to Shastry.
In addition to financial investment, KKR and EQuest also invited Annabelle Vultee, former chief operation officer at EF Education First in China, to join EQuest's board of directors.
Established in 2003, EQuest is currently one of the largest private education companies in Vietnam and regularly has over 110,000 students enrolled annually.
