Kuala Lumpur, Malaysia – (COMMERCIAL THREAD) – Global investment firm KKR and Southeast Asian high-end private educator Taylor’s Education Group (“TEG”) today announced the signing of agreements under which KKR will acquire a minority stake in Taylor’s Schools. Taylor’s Schools owns and operates six award-winning international schools: Garden International School, Nexus International School Singapore, Nexus International School Malaysia, Australian International School Malaysia, Taylor’s International School Kuala Lumpur and Taylor’s International School Puchong. KKR’s investment positions Taylor’s Schools to accelerate regional growth and expansion.
Focused on the K-12 education system, Taylor’s Schools seeks to empower its learners to become productive leaders in the global community through innovative and creative teaching and learning methods, preparing them for future opportunities. Taylor’s Schools is a member of TEG, a leading private education institution in Malaysia, Singapore and Vietnam. Other education-focused verticals under the TEG umbrella include Taylor’s University, Taylor’s College, The British University Vietnam, and Taylor’s Hostel Management, among others. These educational establishments remain the exclusive property of TEG.
Commenting on the investment, Dato ‘Loy Teik Ngan, Executive Chairman of Taylor’s Schools, said: “Over the years, Taylor’s Schools has grown in importance as a premier international school education provider in Malaysia and Singapore. . With the intention of expanding our portfolio of international schools in the ASEAN region, we are honored that KKR has decided to collaborate with us in the next phase of our growth. We see their choice as a firm adherence to the strategy of our K-12 schools platform. We think their commitment to building and maintaining long-term strategic partnerships is right for us. They will complement our strength in education operations with their regional network, their expertise in mergers and acquisitions as well as their access to capital.
“TEG will remain the majority shareholder of Taylor’s Schools and we are delighted that the current management team continues to manage our schools. We will ensure that the world-class K-12 international education that we are known for and that our community of parents and students expects is supported, ”he added.
SJ Lim, Managing Director of KKR, added: “We are delighted with this opportunity to share our knowledge and provide a vital solution to Taylor’s Schools in its ambition to grow further in the region and provide quality educational experiences. to more students. Under the leadership of the Taylor’s Schools management team, all four brands have consistently performed well in school and we are confident they are poised for more success. KKR also seeks to leverage our operational experience, global network and education expertise to further enhance Taylor’s Schools offerings.
Among its other areas of focus in Southeast Asia, KKR seeks to support leading family businesses that significantly contribute to the region’s economic prosperity, in their efforts to build sustainable businesses in the next generation. KKR’s diversified and multi-asset investment platform gives KKR the flexibility to support ambitious businesses with a suite of comprehensive and tailor-made financing solutions, enhanced by its global experience and operational capabilities. In the field of education, KKR has accumulated a solid experience in Asia and the world, notably through investments in Lighthouse Learning (formerly EuroKids International), one of India’s leading providers of education services, Cognita Schools , a UK-based global group of private schools, EQuest Education, a leading provider of education services in Vietnam, and Education Perfect, a leading educational technology company in Australia and New -Zeeland. KKR invests in Taylor’s Schools from its managed funds.
Rothschild & Co. is the sole financial advisor to Taylor’s Schools and its shareholders in connection with the transaction.
About Taylor’s Education Group
Taylor’s Education Group is one of the largest private education groups in Malaysia with 20,000 students. It has established itself as a highly regarded quality education provider and over the past decade has expanded its business to Singapore and Vietnam. With an unmatched track record accumulated over seven decades, Taylor’s has earned a reputation as Malaysia’s premier private education provider and offers a wide range of educational institutions from preschool to postgraduate courses. Among its higher education institutions, Taylor’s University is currently ranked No. 1 for private universities in Malaysia and Southeast Asia by the QS World University Rankings 2022 and, along with Taylor’s College, has consistently won People’s Choice awards at over the past decade, as well as received recognition from several professional bodies around the world.
KKR is a leading global investment firm providing alternative asset management, capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and disciplined approach to investing, employing world-class people and supporting the growth of its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer pension, life and reinsurance products under the leadership of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information on KKR & Co. Inc. (NYSE: KKR), please visit the KKR website at www.kkr.com and on Twitter @KKR_Co.