Market Chatter: KKR to Acquire Majority Stake in XCL Education in $1.3 Billion Deal

MT Newswires Live

02/23

KKR (KKR) has struck a deal to acquire a majority stake in XCL Education in a deal that values the Southeast Asian school operator at roughly $1.3 billion, Bloomberg News reported Monday, citing people familiar with the matter.

The private equity giant outbid other investment firms for the interest currently owned TPG (TPG), the unnamed sources told the news outlet.

KKR and TPG didn't immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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