HDFC takes stake, LP role in Kaizen

According to local reports, the comes as Kaizen is in the process of raising $100 million from domestic and overseas investors for a vehicle that saw its first close in December. Kaizen founders have previously told AVCJ that the fund will target opportunities including core education programs, pre-school and tutoring companies, as well as educational media, publishers and technology groups. Last month, AVCJ reported that Kaizen was awaiting approval from the board for an investment from the International Finance Corporation. The Board is expected to vote this month.

HDFC's investment reportedly earns the group a position on Kaizen's board. HDFC has made a similar investment in the past, acquiring a 41% stake education lender Credila Financial Services in 2008 for $2.2 million, according to DealCurry.

Research from Kaizen suggests that India's education sector affects 600 million people up to the age of 30, and receives annual government investments of $30 billion, and

 

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• LPs
• Infrastructure
• South Asia
• Fundraising
• Kaizen