M/23/029 Albus (KKR) and Mr. Hassan/Dukes Education Group-JV
Transaction details
The proposed acquisition by Albus Bidco Limited, indirectly controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of KKR & Co. Inc., of joint control of Dukes Education Group, alongside existing shareholders, Universities Superannuation Scheme Limited and Mr. Aatif Hassan, has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday July 11, 2023 | Friday, July 28, 2023 |
| Parties Involved | Business activities |
|---|---|
| Albus Bidco Limited | Albus Bidco Limited is a special purpose entity formed to carry out the proposed transaction. KKR & Co. Inc., a global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR & Co Inc., sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. |
| Universities Superannuation Scheme Limited | Universities Superannuation Scheme Limited is a private pension scheme for staff employed in universities and higher education institutions in the United Kingdom. |
| Mr Aatif Hassan | Mr. Aaitif Hassan is the founder and chairman of Dukes Education Group. |
| Dukes Education Group | Dukes Education Group is a portfolio of institutions operating across different categories of children’s education, |
| Economic sector | Media merger |
|---|---|
| Education | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, July 27, 2023 | |
| Current status: Completed |
|---|
| Simplified Merger Notification |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Dineo Mashego | dineomashego@ccpc.ie |
Media enquiries: communications@ccpc.ie
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