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Manila Bulletin devider Business devider The Stock Market devider Kaizenvest finalizes ₱825-million investment in PHINMA Education

Kaizenvest finalizes ₱825-million investment in PHINMA Education

Published Aug 14, 2025 02:50 pm
Phinma Education President Chito B. Salazar
Phinma Education President Chito B. Salazar
PHINMA Education Holdings, Inc. (PEHI), subsidiary of PHINMA Corp. (PHN), reported that it has received the ₱825 million investment of Rise Edu Pte. Ltd., an investment vehicle of funds managed by Kaizenvest (Kaizenvest III).
In a disclosure to the Philippine Stock Exchange, the firm confirmed the receipt of the remittance of the investment from Kaizenvest, an education-focused private equity fund focused on emerging markets in South and South-East Asia.
On May 22, 2024, PEHI disclosed the signing of an Investment Agreement with Phoenix Investments II Pte. Ltd, an investment vehicle of funds managed by KKR, and Kaizenvest III.
The Investment Agreement relates to the issuance amounting to ₱4.5 billion of newly issued shares by the Company (Primary Transaction).
Concurrently, funds managed by KKR entered into an agreement to acquire all of the shares in the Company owned, directly or indirectly, by Asian Development Bank (ADB), Nederlandse Financierings- Maatschappij voor Ontwikkelingslanden N.V. (FMO), and Kaizen Private Equity II Pte. Ltd. (Kaizenvest II), who all invested in the Company in 2019 (Secondary Transaction).
On October 4, 2024, PEHI disclosed the closing of the investment transaction with KKR, after receipt of the initial investment amount of ₱2.52 billion. This initial remittance represents 70.22 percent of KKR’s total investment amount of ₱3.59 billion.
In addition, funds managed by KKR also acquired all of the shares in PEHI owned, directly or indirectly, by Asian Development Bank (ADB), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), and Kaizen Private Equity II Pte. Ltd. (Kaizenvest II), who all invested in the Company in 2019.
PEHI is currently a 63.93 percent-owned subsidiary of PHINMA Corporation, which holds its investments in the education sector.

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PHINMA Corporation PHINMA Education Holdings Inc. Kaizenvest
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