A private equity investment firm Gaja Capital Partners is in advanced talking with the aim to invest an amount of $20 million (₹135 crore) in return of a stake in an educational and learning company called Kangaroo Kids Education Ltd (KKEL). The stake to be exchanged for the stated amount has still not been determined.
A source claimed, “The companies are in the final legs of closing the deal, and the announcement is expected soon. Gaja Capital would make the investment from its $240-million Gaja Capital III fund.”
Gaja Capital is a privately owned investment company which provides growth capital to ambitious entrepreneurs to build the future of Indian economy. The company specializes in investments in the smaller end of the middle market. The India-focused mid-market private equity firm provides Series C and growth capital and invests in emerging sectors such as Education, Financial Services and Consumer. The firm’s list of investments comprises of entities like EuroKids, CL Educate, TeamLease Services & SportzVillage. And now, it is expecting to acquire a stake in yet another educational firm as stated above.
On the other hand, we have Kangaroo Kids Education Ltd (KKEL) which is a premium school chain of pre-kindergarten and kindergarten-STD XII. It is an award-winning preschool entity. Kangaroo Kid’s Nursery and Kindergarten is dedicated to the care of children, their well being and their education. KKEL is a fully integrated education service provider supporting a network of owned franchisee schools. Founded in 1993, the school chain has its presence in India, Dubai, Maldives and Qatar. KKEL is the leading provider of pre-school education to more than 9,000 students across 79 schools in 20 cities in India, Dubai and Maldives.
The plans of investment by Gaja Capital are in the final stage and are expected to be completed as soon as possible.