Global investment firm KKR has recently signed an agreement to acquire a minority stake in Taylor’s Schools, a member of Taylor’s Education Group (TEG), a leading private educational institution with a presence in Malaysia, Singapore, and Vietnam.
Per an announcement, KKR will be making the investment from its managed funds. The investment will support Taylor’s Schools to accelerate growth and expand its portfolio of international schools in the ASEAN region.
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 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.
Commenting on the investment, Dato’ Loy Teik Ngan, Executive Chairman of Taylor’s Schools, said,
“Over the years, Taylor’s Schools has grown in significance as a provider of top-class international school education in Malaysia and Singapore. With the intention to expand our portfolio of international schools in the ASEAN region, we are honoured that KKR has decided to collaborate with us in the next phase of our growth. We view their choice as a firm endorsement of the strategy of our K-12 schools platform. We believe that their commitment to building and sustaining long-term strategic partnerships suits us. They will complement our strength in education operations with their regional network, expertise in mergers & acquisitions as well as their access to capital.”
Dato’ Loy Teik Ngan said TEG will remain the controlling shareholder of Taylor’s Schools and the current management team will continue managing the schools.
SJ Lim, Managing Director at KKR, added,
“We are excited by this opportunity to share our knowledge and provide a capital solution for Taylor’s Schools in its ambition to further expand into the region and provide quality educational experiences to more students. Under the leadership of Taylor’s Schools’ management team, all four brands have consistently achieved strong academic outcomes and we are confident that it is primed for more success. KKR also looks to leverage our operational experience, global network, and education expertise to further enhance Taylor’s Schools’ offerings.”
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. Its investments in the education space include Lighthouse Learning (formerly EuroKids International), a leading Indian education services provider, Cognita Schools, a UK-based global private schools group, EQuest Education, a leading educational services provider in Vietnam, and Education Perfect, a leading education technology firm in Australia and New Zealand.