Gaja Capital, a private equity firm that focuses on mid-market deals, has invested about 20 million dollars (Rs 130 crore) in Mumbai-based Kangaroo Kids Education Ltd. Founded in 1993, Kangaroo Kids is one of the country’s largest preschool and K12 school chains.
The deal is the fourth investment made by Mumbai-based Gaja Capital from its latest fund—the $240 million Gaja Capital III. The PE firm made the final close of its third fund at $240 million in March last year after marking the first close in October 2014.
Gaja Capital primarily focuses on the consumption segment, with an emphasis on the education, financial services, consumer and healthcare sectors. In education, Gaja Capital’s portfolio includes EuroKids, CL Educate, TeamLease Services and SportzVillage.
Gaja Capital had made the final close of its third fund at $240 million in March last year after making the first close in October 2014.