KKR offers Rs 390 Crore Debt Financing for Jain Education Trust in India

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American private equity investor KKR & Co has signed a Rs 390-crore financing deal with Bhagawan Mahaveer Jain College Education Trust, which manages higher education campuses in Bangalore. It is a Jain Group of Institutions providing various studies & courses.

The long-term debt financing from KKR marks the entry of marquee global investors into local education trusts, a space till recently dominated by traditional lenders. KKR India, through its NBFC unit, will help the Jain college education trust repair its balance sheet and fund expansion plans in Future.

Info about Rs 390 crore Financing to Jain Education Trust by the US Company:

KKR is  is an American multinational private equity firm, specializing in leveraged buyouts. It has headquartered in New York City. Here KKR stands for Kohlberg Kravis Roberts. KKR’s Roychand confirmed he was in discussions with KKR.
  • The Chenraj Roychand-backed Bhagawan Mahaveer Jain College Education Trust has expanded the campuses aggressively in recent years on debt financing.
  • The 25-year-old Jain Group of Institutions operates 85 educational institutes with 51,600 students and 6,450 employees.
  • Providing education at the K-12, undergraduate and postgraduate levels.
  • The trust has incubated more than 50 ventures and 100 entrepreneurs as part of its efforts to promote innovation in campuses.

KKR & company has extended debt financing to mid-market Indian entrepreneurs seeking capital to expand businesses. It runs separate units for private equity and real estate investments.Sector experts said KKR’s financing deal is a significant development that will be closely tracked by industry peers.

India’s education sector, mostly run through trusts, has presented both opportunities and challenges for investors. Most global investors stayed away from the sectors because of the not for profit trusts, which controlled the campuses.

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