PHINMA Education Holdings Inc., a KKR-backed subsidiary of PHINMA Corporation, has acquired 84.9% stake in Southeastern Colleges for 690 million pesos ($11.5 million), expanding its footprint in southern Metro Manila as well as parts of Laguna and Cavite.
The deal, which was completed on March 13, 2026, involved the purchase of 64,834 shares from existing shareholders, alongside additional shares enabling the acquisition of the school’s land and buildings, per a filing.
The PHINMA Education board approved the transaction on October 27, 2023, and full payment was made at closing.
Founded in 1946 and based in Pasay, Southeastern Colleges offers undergraduate programmes in education, computer science, and business administration, as well as basic education through senior high school.
Following the acquisition, the school became PHINMA Education’s 12th institution in the Philippines and 14th in its regional network, with plans to strengthen existing programs and introduce additional professional courses, including nursing, accountancy, hospitality management, and information technology.
PHINMA Education, which is 63.9%-owned by PHINMA Corporation, now serves approximately 80,000 learners across its network, reinforcing its position as Southeast Asia’s largest private higher education operator.
PHINMA Education started in 2004 with a single school serving 5,000 students. It is now a fast-growing network of educational institutions, serving over 177,000 students. In 2024, KKR invested in PHINMA Education from its Global Impact Fund II, which targets companies whose core business contributes towards one or more of the United Nations Sustainable Development Goals (SDGs).
