Market Chatter: KKR Outbids Competitors for Majority Stake in Singapore-Based XCL Education

MT Newswires

Yesterday

KKR & Co. has agreed to acquire a majority stake in Singapore-based XCL Education from TPG for around $1.3 billion, The Business Times reported Monday, citing people familiar with the matter.

The American global private equity and investment firm's bid was higher than other offers, including offers from Warburg Pincus, Blackstone and EQT AB, the report said.

The transaction for the undisclosed size of stake is now subject to regulatory approvals and closing conditions, the publication said.

According to the report, XCL Education operates school campuses across Southeast Asia, with Singapore state investor Temasek Holdings among its shareholders.

(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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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"STI.SI","symbol_name":"富时新加坡海峡指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2613795722","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613795722","pubTimestamp":1771922447,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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