KKR’s Education Deal

lPeter Lattman:

Education2020, which is known as E2020, provides online courses across 43 states in subjects ranging from algebra to earth science to “A Midsummer Night’s Dream.”
Its products focus on so-called credit recovery, the fastest-growing segment of the online education sector. The credit recovery market serves students who have fallen behind and need to take additional courses to graduate.

These self-paced online classrooms provide a solution for budget-constrained schools that are under pressure to raise their graduation rates but cannot afford to hold additional classes.