KKR to Invest in Tarena International (Asia)

Source: KKR

Global investment firm KKR has agreed to acquire a 13 percent stake in Tarena International, a China-based professional education company listed on the NASDAQ Stock Market. KKR will purchase 6.8 million shares in the company from existing shareholders–investment bank Goldman Sachs and venture capital firm IDG Technology Venture Investments–for US$70 million. The transaction, which will be structured through KKR’s China Growth Fund, is subject to customary closing conditions and is expected to close in July 2015.