KKR takes stake in professional training company

Global investment firm KKR & Co LP announced on Tuesday a strategic investment into Tarena International Inc, a Nasdaq-listed provider of professional education services in China.

United States-based KKR and Han Shaoyun, chairman and chief executive officer of Tarena, agreed to purchase an aggregate of $90.5 million worth of ordinary shares from investors who held stakes in the training company before its initial public offering.

These investors are funds managed by affiliates of Goldman Sachs Group Inc and IDG Technology Venture Investments LLC.