Global fund KKR & Co. Inc. (NYSE:KKR) is all set to sell its education portfolio in India - Lighthouse Learning (Lighthouse Learning Private Limited) (formerly Eurokids International). KKR has hired JP Morgan and Avendus to run the sale process, which is expected to be launched by next week, said two sources aware of the development.

KKR, which wanted to exit its 5-year old investment, eyes a valuation of $1 billion - $1.2 billion (INR 100.00 billion). Alpha Asia Holdings II Pte Ltd. (investment arm of KKR) holds 94.53% in the holding company Lighthouse Learning, while Co-Founder & Chief Executive Officer Prajodh Rajan holds the balance 5.47% stake. Lighthouse, one among the largest educational groups, has seen interests from global educational institutions based out of the Middle East, Europe as well as PE buyout funds, added sources.

KKR acquired the controlling stake in EuroKids in 2019 from a consortium led by Indian private equity firm Gaja Capital and Swiss firm Partners Group Holding AG (SWX:PGHN) for about INR 15.00 billion. KKR & Co is considering a sale of its controlling stake in Indian pre-school and early-learning provider EuroKids International for around $1 billion, Bloomberg reported in March. When contacted, KKR, Prajodh Rajan, JP Morgan, Avendus declined to comment.