Kaizen Private Equity II

Subsidy : December 2020

BIO has given EUR 300 k technical assistance to Kaizen Private Equity II, an education-focused fund in India.

Amount

€ 300,000.00

Type of investment

Subsidy

Development impacts

Access to basic services & goods
Local economic growth

Beneficiary locations

Asia: India, Philippines, Vietnam

Investment field

Investment Companies & Funds

Activity

KK.64.300 SME Fund

Organisation

Kaizen Private Equity II

Website

https://www.kaizenpe.com

Domicile

India

More investments in

Kaizen Private Equity II

Equity € 8,338,200.00 (2018)

The Fund is focused on the education sector of emerging South and South East Asia and is a follow-on to Kaizen Private Equity I (Fund I) with a similar sectoral approach. The Fund is a 10-year, closed-end fund with a USD 125 m target size. The first closing was on 10.03.2017, followed by a second closing in December 2017.

The Fund invests in education, defined as core education (e.g. K-12 schooling, colleges), parallel education (e.g. preschool, test preparation) and education enabling services (e.g. technologies, books, Edtech, finance, student housing etc.).

Kaizen believes that the private sector plays a major role in improving the poor quality of education, driven by limited government funding and large populations. Part of the Fund’s strategy is to invest in the education-technology space, to break barriers and bring education to isolated areas and excluded people.

Technical assistance

The Technical Assistance Facility (TAF) aims to co-finance a variety of studies (marketing, business strategies, …). The TAF can also be used to develop capacities and transfer know-how, technologies, skills, and experiences to Kaizen Private Equity II portfolio companies.

The expected impact of the TA facility is to support Kaizen Private Equity II portfolio companies to improve their sustainability, performance & competitiveness with a specific focus on the education sector.

Development impacts

Access to basic services & goods
Education is considered a basic service and is part of a country's infrastructure.
Local economic growth
This TAF will provide grant support to allow specific TA to support the investees in the education sector to grow their activities and become better performing and increase their ability to generate more revenues.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

INSOFE

India

INSOFE was established in 2011 in India. It is one of India’s premier institutions offering courses in data science to students, who are primarily working professionals, and corporates globally.

Phinma Education holdings

Indonesia, Philippines

PHINMA Education (PEHI) started in 2004 in the Philippines and is specialized in turning around distressed HEIs (Higher Education Institutes) by improving their academic quality, which results in higher board passing rates and better employment opportunities for the graduating students.

Socap holdings (Pintek)

Indonesia

Pintek is a financial technology company that provides financial support to students, parents, educational institutions and education MSMEs in Indonesia.

Think & Learn Private Limited - Byju's

India

Think & Learn Private Limited, doing business as Byju's, provides online educational services. The Company offers a technology based educational platform for primary and secondary school subjects, overseas and domestic test preparation courses, learning programs, and applications. Byju's focuses on students and educational professionals in India.

Toppr (Exited)

India

Toppr is India's leading after-school learning app on a mission to make learning personalised.

Yola

India

Founded in 2009 in HCMC, Vietnam, Yola provides English language trainings. The company started with providing test preparation (GMAT, IELTS, TOEFL) to high school and college students and, over the years, expanded to ELT (English Language Training) programs for primary and middle school children.

Varthana - Thirumeni

India

Thirumeni Finance / Varthana is a Non-Banking Financial company focused on providing affordable private schools in India. These schools cater to low-income population in tier 2 and 3 cities.

Read impact and news about this project

Impact Story

Kaizen means continuous improvement

03-09-2019

BIO made a USD 10 M equity investment in Kaizen Private Equity, India’s first Education focused fund.

Sandeep Aneja is the founder and managing partner of the fund, this is his story.

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Equity