KKR to Acquire Majority Stake in XCL for $1.3 Billion

KKR has reached an agreement to acquire a majority stake in XCL, a Southeast Asian school operator, in a transaction valued at approximately $1.3 billion. Bloomberg posted on X, citing sources familiar with the matter. This acquisition highlights KKR's continued interest in the education sector within the region. The deal underscores the growing demand for educational services in Southeast Asia, driven by increasing enrollment and investment in educational infrastructure. Further details about the transaction and its implications for both parties have not been disclosed.