Benzinga·2026-02-23 18:16Core Viewpoint - KKR & Co. is set to acquire a controlling stake in XCL Education Holdings, valuing the Singapore-based firm at approximately $1.3 billion [1]. Group 1: Transaction Details - The stake is being sold by TPG Inc., with KKR winning against other bidders in a competitive process [2]. - Specific financial terms, including the size of the interest being sold, have not been disclosed [2]. - The deal is expected to close pending regulatory approvals and other customary conditions [3]. Group 2: Company Overview - XCL Education oversees a portfolio of K-12 institutions, including XCL World Academy in Singapore, the American School of Bangkok's Sukhumvit campus, and the Vietnam Australia International School [3]. - Other buyout firms, such as Warburg Pincus, Blackstone, and EQT AB, also considered bids for XCL Education [3]. Group 3: KKR's Investment Strategy - This acquisition adds to KKR's investments in the education sector, which includes previous backing of Lighthouse Learning in India, Taylors Education Group, EQuest Education in Vietnam, and Vinschool Education Systems [4].