KKR doubles down on Lighthouse Learning alongside PSP Investments
Private equity firm KKR, together with new investor PSP Investments, has made a new investment round in Lighthouse Learning.
KKR will retain a majority stake and “will continue to play a key role in driving Lighthouse Learning’s next phase of growth,” the firm said in a statement. However, the company did not disclose the scope of the investment in this round.
The latest investment will be used by Lighthouse to grow its K-12 and pre-school network and strengthen instructional, technology and operational capabilities.
KKR invests through Asia Fund IV and other capital managed by KKR.
“Lighthouse Learning has built one of the most trusted education services platforms in India…we are delighted to continue supporting their mission to expand access to high-quality education,” said Akshay Tanna, KKR’s India private equity partner and head.
Founded in 2001, Lighthouse Learning operates more than 1,850 nurseries and 60 K-12 schools under brands including EuroKids, Kangaroo Kids, EuroSchool, Billabong High International, Center Point Group of Schools and Heritage school group.
It currently serves more than 190,000 students across major metros such as Bengaluru, Mumbai, Pune, Hyderabad and Delhi-NCR.
The company has expanded its footprint through both organic growth and acquisitions since KKR’s initial investment in 2019.
KKR acquired a majority stake in Lighthouse Learning (formerly EuroKids International) for approximately $200 million (or ₹1,475 crore in 2019).
This was KKR’s first investment round from Asia Fund III in the company and involved acquiring a roughly 90-92% stake.
Lighthouse has seven core brands: EuroKids, Kangaroo Kids and Mother’s Pet (pre-school segment) and EuroSchool, Billabong High, Center Point and Heritage Xperiential (K-12 segment).
“Our mission has always been to deliver exceptional learning experiences that prepare students for a rapidly changing world. We are pleased to deepen our relationship with KKR as we enter the next phase of growth,” said Prajodh Rajan, founder and group CEO of Lighthouse Learning.
