SINGAPORE (June 1): k1 Ventures says wholly-owned subsidiary, Focus Up Holdings has entered into a agreement with National Realty Trust, Inc. for the divestment of the company’s 10.2% stake in KUE 3 LP.

KUE 3 LP holds a 65% stake in National Realty Trust, Inc. which is the holding company of US real estate assets which are principally comprised of special purpose childcare learning centres leased to KinderCare Learning Centers LLC.

The gross cash consideration is US$29 million ($40 million), “which is prior to any deductions for US income taxes and the Greenstreet carried interest”.

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