Phinma acquires St. Jude College
The acquisition also marks a significant milestone as it is the first school purchase since the private equity firm KKR invested in Phinma Education
The acquisition also marks a significant milestone as it is the first school purchase since the private equity firm KKR invested in Phinma Education
Phinma Education Holdings Inc. has invested P432 million to acquire St. Jude College (SJC) Dasmariñas Cavite, marking its strategic entry into the Cavite market while strengthening its position in the private higher education sector.
The company said on Monday that the deal, finalized last week, boosts Phinma’s school ownership to 94.62 percent. The acquisition brings an additional 3,000 students into Phinma Education’s fold.
Additionally, the acquisition also marks a significant milestone as it is the first school purchase since the private equity firm KKR invested in Phinma Education. The partnership has enabled the company to scale its operations and extend its mission of accessible education.
10th Phinma school
St. Jude College Dasmariñas Cavite is the 10th school in the Philippines under Phinma Education and the 12th in its regional network.
“SJC Dasmariñas Cavite continues our thrust to make education accessible to underserved youth. Our newest school expands Phinma Education’s presence in Southern Luzon and nearby regions,” Phinma Education country chief for the Philippines Happy A. Tan said.
Phinma Education president and CEO Chito Salazar said the company will continue to grow its network.
SJC Dasmariñas Cavite continues our thrust to make education accessible to underserved youth. Our newest school expands Phinma Education’s presence in Southern Luzon and nearby regions.’
“The more students we can serve, the more individuals and families we will uplift through education,” he said.
The PHINMA Group’s core business is spread across education, construction materials, property development, and hospitality sectors.
For this year alone, the company has initially set a P4.5-billion financial war chest to sustain growth and fund the expansion of various business units.
