Mulpha International sells strategic shareholding in Education Perfect to KKR
Mulpha International (Mulpha) is pleased to announce that it has entered into definitive agreements to sell its 38% strategic shareholding in Education Perfect (EP) to global investment firm KKR.
EP, a certified B Corporation, empowers students, teachers, parents, and school leaders by providing them with rich data insights and tools for automated marking, feedback, secure assessment, differentiation, and more. EP also offers tens of thousands of high-quality pre-built lessons.Mulpha International (Mulpha) is pleased to announce that it has entered into definitive agreements to sell its 38% strategic shareholding in Education Perfect (EP) to global investment firm KKR.
Founded in 2007, EP’s work is grounded in the belief that the provision of accessible edtech solutions fosters a more diverse and inclusive education ecosystem. EP is currently being used by more than 3,000 schools, 50,000 teachers and 1 million students in more than 50 countries worldwide.Mulpha International (Mulpha) is pleased to announce that it has entered into definitive agreements to sell its 38% strategic shareholding in Education Perfect (EP) to global investment firm KKR.
Mulpha became EP’s single largest shareholder in 2017, working in close collaboration with Sydney-based private equity firm Five V Capital, EP’s Co-Founders Craig and Shane Smith, and EP’s management team led by CEO Alex Burke. Over this period Mulpha has been a supportive strategic shareholder during its Australasian development and proud of EP’s growth across new products and geographies.
“We are pleased to have been part of Education Perfect’s journey as it has expanded in use across Australia and New Zealand. It is fantastic to see that EP has delivered significant growth in both revenue and earnings over the course of our strategic shareholding. It is with this base firmly in place that EP is well-positioned as it embarks on its next stage of global expansion under KKR’s majority ownership.” – Mr Greg Shaw, CEO Mulpha.
Mr Shaw continued, “This is another example of where Mulpha has used its combination of operational management expertise and investment track-record to support our investee companies in executing growth strategies. We are actively assessing the market for more of these opportunities.”
About Education Perfect
The team at EP are united through a common passion for making a global impact in education. Founded in New Zealand and developed by and with teachers over a 10-year period, Education Perfect (EP) is a complete digital teaching and learning toolkit for schools. The EP platform offers a world-class set of tools for learning, revision, and assessment, enabling 21st century practices for school years 5 to 12, across all subject areas.
Data is at the heart of EP. Its rich user data report and insight capabilities enables the use of machine learning & AI, while also providing insights to teachers, parents, principals, administrators and students.
Personalisation, inclusivity of every learner, actionable data & insights and interoperability are the defining requirements of the digital teaching & learning platforms of the future. EP meets all these requirements, sitting well ahead of its largely subject-specific competitors.
With offices in Australia, New Zealand, Singapore, and Dubai, and being already used by 1 million+ students, 50,000+ teachers, in 3,000+ schools across 50+ countries, EP is uniquely positioned to be the complete digital teaching and learning toolkit for teachers and parents globally.