Phinma Education Holdings Revenue, Valuation, Funding & Investors

Phinma Education Holdings is valued at $410M as of May 2024, a 3.7x multiple on its last reported $111M revenue.

Last Phinma Education Holdings valuation

$410M

Secondary · May 2024

Last Phinma Education Holdings funding round

$77M

Undisclosed stage · May 2024

Phinma Education Holdings revenue

$111M

Secondary · May 2024

Key investors in Phinma Education Holdings

Phinma Education Holdings Overview

About Phinma Education Holdings

Phinma Education Holdings is a Philippines-based operator of higher education institutions serving over 100,000 students annually. Incorporated in 2016 as part of PHINMA Corporation, it manages campuses under brands like University of Pangasinan and Cagayan de Oro College across Luzon, Visayas, and Mindanao, emphasizing accessible tertiary education.


Founded

2021

HQ

PhilippinesManila

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Revenue

$111M (May 2024)

Valuation

$410M (May 2024)

Phinma Education Holdings Valuation

Phinma Education Holdings is currently valued at $410M, based on its secondary sale in May 2024.

The $65M round was led by KKR.

Phinma Education Holdings' valuation has moved from $414M at its undisclosed-stage round in May 2024 to $410M in May 2024, across 2 priced rounds.

Phinma Education Holdings valuation by funding round

Revenue multiple
Phinma Education Holdings valuation by funding round
DateStageValuationRevenue Multiple
May 2024Secondary$410M3.7x
May 2024Undisclosed stage$414M-

Phinma Education Holdings Revenue

Phinma Education Holdings' latest recorded revenue is $111M, as of its secondary sale in May 2024. At a $410M valuation, that implies a 3.7x revenue multiple.

Phinma Education Holdings revenue by funding round

Phinma Education Holdings revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2024$111M$410M3.7xSecondary

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Phinma Education Holdings Funding History

Phinma Education Holdings has raised a total of $77M across 1 funding round, plus 1 secondary share sale.

Phinma Education Holdings funding rounds

Phinma Education Holdings funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024SecondaryKKR (lead)$65M$410MPhinma Education Holdings, the education arm of Filipino conglomerate Phinma Corporation, is one of the largest private higher education groups in Southeast Asia, serving around 150,000 students through nine colleges and universities in the Philippines and one in Indonesia. KKR, through its Global Impact Fund II, and Kaizenvest invested in Phinma Education in a deal announced on May 22, 2024, and completed in phases through October 2024 and August 2025. The transaction included P4.5 billion in primary shares issued by Phinma Education (P3.59 billion to KKR via Phoenix Investments II Pte. Ltd. and P0.90 billion to Kaizenvest via Rise Edu Pte. Ltd.) and P3.8 billion in secondary sales of shares from ADB, FMO, and Kaizenvest II. The deal valued Phinma Education at P24.1 billion post-money, with Phinma Corporation retaining majority ownership at 61 percent (later adjusted to 66.41 percent after initial payments). KKR acquired a 30.67 percent stake, and Kaizenvest III a 3.73 percent stake. AB Capital served as the sole adviser, and the investment supports expansion to improve education access and scale across Southeast Asia, aligning with UN SDG 4 for quality education. This marks KKR's first Global Impact investment in the Philippines, leveraging its experience in education firms like EQuest in Vietnam and others globally. Phinma Education used proceeds for system improvements and growth ahead of potential future exit like an IPO.
May 2024Undisclosed stageKKR (lead); Kaizenvest$77M$414MPhinma Education Holdings Inc., the education arm of Filipino conglomerate PHINMA Corp., provides affordable higher education to low-income students across 13 schools in the Philippines and Indonesia, serving over 163,000 learners. The company focuses on underserved communities with a coaching model to support student success in academic, financial, social, and personal challenges, and plans expansion in Philippine cities like Roxas, San Pablo, Butuan, and Bacolod, plus Indonesia, with future interest in Vietnam, Cambodia, and Laos. Definitive agreements were signed on May 22, 2024, for funds managed by KKR to invest via Phoenix Investments II Pte. Ltd., with participation from Kaizenvest via Rise Edu Pte. Ltd., totaling P4.5 billion in newly issued shares as primary investment. KKR also acquired all shares previously held by Asian Development Bank (ADB), FMO, and Kaizenvest II from their 2019 investment as a secondary transaction. Post-transaction, KKR and Kaizenvest own 30.67% and 3.73% stakes respectively, with PHINMA Corp. retaining 63.93% majority ownership; KKR entitled to three board seats out of 11. Investments were received in tranches: P2.52 billion (70.22% of KKR's P3.59 billion commitment) on October 4, 2024, P825 million from Kaizenvest on August 13, 2025, reaching 75% of total by August 2025, with full closure after regulatory approvals. Funds support education improvements, system enhancements, growth strategies, higher completion rates, and reaching more underserved students.

Who has invested in Phinma Education Holdings?

2 investors have backed Phinma Education Holdings across its funding rounds, including KKR and Kaizenvest.

Lead investors include KKR.


Phinma Education Holdings Investors

Investors in Phinma Education Holdings by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Phinma Education Holdings

Phinma Education Holdings has acquired 2 companies to date.

Last acquisition by Phinma Education Holdings was on March 12th 2026. Phinma Education Holdings acquired Southeastern College for $12M.


Latest Acquisitions by Phinma Education Holdings

Southeastern College
St. Jude College
Description
Southeastern College is a private non-sectarian institution founded in 1946 in Pasay City, Metro Manila, Philippines. The college delivers basic education through senior high school alongside undergraduate degrees in education, computer science, business administration, and accountancy.
-
HQ CountryPhilippinesPhilippines
HQ City
Pasay
-
Deal Date12 Mar 20267 Dec 2017
Valuation$12M$7M
EV/Revenue
EV/EBITDA

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Phinma Education Holdings Competitors

Phinma Education Holdings competitors include listed companies like Vitru Educação, Cruzeiro do Sul Educacional and Insource Co., and private ones like Cuemath, Yanadoo and INTO University Partnerships.

Public and private companies comparable to Phinma Education Holdings
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CuemathIndiaBangalorePrivate$10M-$407M40.7x
YanadooSouth KoreaSeoulPrivate$40M-$402M10.1x
INTO University PartnershipsUnited StatesUnited StatesPrivate--$424M-
Vitru EducaçãoBrazilBrazilPublicly listed$439M$169M$426M1.6x
Cruzeiro do Sul EducacionalBrazilBrazilPublicly listed$551M$181M$384M1.2x
Insource Co.JapanJapanPublicly listed$93M$39M$383M3.2x

Phinma Education Holdings Public Comps

Phinma Education Holdings is still privately-owned, but its public comps include Vitru Educação, Cruzeiro do Sul Educacional, Insource Co., Ataa Educational, Ser Educacional, NIIT Learning Systems, YDUQS, Wilmington, Gaotu Techedu and IDP Education.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Vitru Educação$439M$169M1.7x1.6x4.3x4.2x
Cruzeiro do Sul Educacional$551M$181M1.3x1.2x3.8x4.1x
Insource Co.$93M$39M3.5x3.2x8.5x7.9x
Ataa Educational$176M$65M4.4x4.2x11.8x11.4x
Ser Educacional$431M$124M1.3x1.3x4.6x4.7x
NIIT Learning Systems$204M$42M1.3x1.2x6.1x6.0x
YDUQS$1.1B$310M1.3x1.2x4.3x3.7x
Wilmington$136M$24M3.0x2.4x17.4x9.4x

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Common questions about Phinma Education Holdings

When was Phinma Education Holdings founded?Phinma Education Holdings was founded in 2021.
Where is Phinma Education Holdings headquartered?Phinma Education Holdings is headquartered in Manila, Philippines.
Is Phinma Education Holdings publicly listed?No, Phinma Education Holdings is a private, VC-backed company.
What is Phinma Education Holdings' valuation?Phinma Education Holdings was last valued at $410M in its secondary sale in May 2024.
How much funding has Phinma Education Holdings raised?Phinma Education Holdings has raised $77M across 1 funding round.
What was Phinma Education Holdings' last funding round?Phinma Education Holdings' last funding round was a $77M undisclosed-stage round in May 2024, led by KKR.
Who are Phinma Education Holdings' investors?Phinma Education Holdings' investors include KKR and Kaizenvest.
What is Phinma Education Holdings' revenue?Phinma Education Holdings' latest recorded revenue is $111M (May 2024).
What is Phinma Education Holdings' revenue multiple?Phinma Education Holdings' latest valuation implies a 3.7x revenue multiple ($410M valuation on $111M of revenue).
Which companies are comparable to Phinma Education Holdings?Companies comparable to Phinma Education Holdings include Cuemath, Yanadoo, INTO University Partnerships, Vitru Educação, Cruzeiro do Sul Educacional and Insource Co..
How many companies has Phinma Education Holdings acquired?Phinma Education Holdings has acquired 2 companies, including Southeastern College and St. Jude College.
What was the largest acquisition by Phinma Education Holdings?The $12M acquisition of Southeastern College in March 2026 is the largest acquisition Phinma Education Holdings has made to date.

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