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.
Case details
- Notification date:10 July 2023
- Publication date:10 July 2023
- Economic sector:Education - Q
- Economic sub-sector:Education - Q.85
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.23.029 Merger AnouncementPDF | 144 KBM.23.029 Merger Anouncement PDF | 144 KB - Opens in new window
M.23.029 DeterminationPDF | 226 KBM.23.029 Determination PDF | 226 KB - Opens in new window
Timetable
Parties Involved
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, predominantly in the United Kingdom, Portugal and Switzerland.
Contacts
Dineo Mashego dineomashego@ccpc.ie
