Global private equity titan, KKR & Co (NYSE:KKR), is currently weighing options to sell or divest its majority stake in EuroKids, an Indian school chain
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KKR acquired a majority stake in EuroKids from Gaja Capital in 2019. Reportedly, KKR’s majority ownership in EuroKids could be valued at as much as $1 billion. The investment major is looking to rope in financial advisors and a final decision is yet to be made. EuroKids, engaged in pre-school and early learning, has its footprint across over 350 cities in India.
New M&A Activity
In another M&A development, KKR has launched a nearly $3 billion takeover offer for Encavis (DE:ECV). The latter is a German renewable energy producer. While Germany has been pushing for an increase in clean energy, Encavis’ share price has plummeted amid elevated interest rates and higher costs in recent times. However, the stock has shot up by nearly 21% over the past five sessions.
Is KKR a Good Stock to Buy Now?
Overall, the Street has a Strong Buy consensus rating on KKR alongside an average price target of $106.21. This implies a nearly 9.7% potential upside in the stock. That’s on top of a nearly 96% jump in the company’s share price over the past year.
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