Global private equity firm KKR has made a second investment in Lighthouse Learning, the education services provider that operates EuroKids and EuroSchool brands. Additionally, Canadian pension fund PSP Investments has joined as a new investor in the company.
The value of KKR’s follow-on investment was not disclosed. KKR had acquired a 94.5% stake in Lighthouse Learning in September 2019 for $205 million from Gaja Capital and Partners Group, according to Tracxn data. Prior to the latest transaction, founder Prajodh Rajan held the remaining 5.5%.
KKR to hold majority stake
KKR will continue to hold a majority stake in the company following the transaction, with the investment being made predominantly from its Asian Fund IV, it said in a statement. Over the years, the Mumbai-based education platform has expanded through a mix of organic growth and acquisitions, strengthening its presence in Bengaluru, Mumbai, Pune, Hyderabad, and Delhi-NCR. It currently operates over 1,850 preschools and 60 K-12 schools, serving more than 190,000 students.
Its brand portfolio includes EuroKids, Kangaroo Kids, EuroSchool, Billabong High International and, Centre Point Group of Schools. The company has a workforce of over 22,000. The fresh capital will be deployed to expand Lighthouse Learning’s network of K-12 schools and preschools across key cities, the company said.
What did Tracxn data show?
“Lighthouse Learning has built one of the most trusted and respected education services platforms in India,” said Akshay Tanna, partner and head of India private equity at KKR. Lighthouse Learning posted revenue of Rs 881 crore in FY25, up 34% from Rs 656.6 crore in FY24. Net profit, however, fell sharply to Rs 8.1 crore in FY25 from Rs 186 crore in the previous year, Tracxn data showed.