Close of Investment in PHINMA Education by KKR

Wazzup Pilipinas!?

Investment will Support Filipino Higher Education Group's Efforts to Scaling Operations

PHINMA Education Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, today announced the completion of the initial investment of leading global investment firm KKR. The transaction, first announced in May 2024, has closed following the completion of the customary regulatory approvals.

“We have already started working together in several areas,” shared Dr. Chito B. Salazar, President and CEO of PHINMA Education. “We are leveraging KKR’s global experience and networks to help us improve our completion rates, refine growth strategies, and reach more underserved students.”

Happy A. Tan, Phinma Education Country Chief-Philippines, added, “In the months since we began this process, KKR has shared their resources and expertise with us to make headway on what matters most – making lives better through education.” Areas of collaboration include efforts for digital transformation and ESG.