Market Chatter: KKR to Acquire Majority Stake in XCL Education in $1.3 Billion Deal
MT Newswires Live
Yesterday
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.
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