KKR to acquire a majority stake in Education Perfect from Mulpha International for $319m.

KKR agreed to acquire a majority stake in Education Perfect, a New Zealand-based online education company, from Mulpha International, a diversified investment company, and Five V Capital, a private equity firm, for $319m. "An investment by KKR’s Global Impact Fund validates EP’s stand-out position and exceptional track record in the fragmented education technology industry. Covid-19 has put education technology in the spotlight, and our amazing team and world-class data, technology and content have been the foundation of our success. I welcome KKR’s investment, which marks a key moment in the Company’s journey and sets EP up for its next phase of global growth. I’m excited by what the investment represents, and how it validates the quality of the product that we are offering to teachers, students, parents and school leaders, and the exceptional work the entire EP team is doing," Alex Burke, Education Perfect CEO.