PHINMA Education Holdings, Inc. (PHINMA), the private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, announced the completion of the initial investment of leading global investment firm KKR.
The transaction, first announced in May 2024, has closed following the completion of the customary regulatory approvals.
"We have already started working together in several areas," shared Dr. Chito B. Salazar, president and CEO of PHINMA Education.
He added, "We are leveraging KKR's global experience and networks to help us improve our completion rates, refine growth strategies, and reach more underserved students."
Happy A. Tan, KKR's Philippines country chief, added, "In the months since we began this process, KKR has shared their resources and expertise with us to make headway on what matters most—making lives better through education."
Areas of collaboration include efforts for digital transformation and ESG.
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