Deals
KKR Is Said to Mull $2.8 Billion Sale of U.K.'s Cognita Schools
- Buyout firm is also weighing an initial public offering
- Owners of Nord Anglia and GEMS Education eying the asset
Photographer: Peter Muller/Cultura RF via Getty Images
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KKR & Co. is weighing a sale or an an initial public offering for Cognita Schools Ltd., people with knowledge of the matter said.
The asset could be valued at about 2 billion pounds ($2.8 billion) in a disposal, said the people, asking not be identified because they aren’t authorized to speak publicly. The private equity firm is talking with advisers about the dual-track process, which is still in the early stages, they said.