Leading Australian and New Zealand education technology (“edtech”) company Education Perfect (“EP” or the “Company”), global investment firm KKR, and Australia-based private equity firm Five V Capital today announced the signing of definitive agreements pursuant to which KKR will acquire a majority stake in the Company.
EP, a certified B Corporation, empowers students, teachers, parents, and school leaders by providing them with rich data insights and tools for automated marking, feedback, secure assessment, differentiation, and more. EP also offers tens of thousands of high-quality pre-built lessons. Founded in 2007, EP’s work is grounded in the belief that the provision of accessible edtech solutions fosters a more diverse and inclusive education ecosystem. EP is currently being used by more than 3,000 schools, 50,000 teachers and 1 million students in more than 50 countries worldwide.
KKR makes its investment from its Global Impact Fund. KKR’s Global Impact strategy is focused on investing in market-leading companies whose business contributes toward the United Nations Sustainable Development Goals (“SDG”). EP’s business directly contributes towards SDG 4 (Quality Education) by providing accessible, affordable, and high-quality education to students around the world.
Source: Business Wire
