How many ‘bad’ schools make a good private equity investment?

K12 Techno Services has a very specific type of school it likes to find. They're old, debt-ridden, maybe run by an ageing owner with no succession plan. It moves in, rebrands it Orchids, adds a basketball court, and locks the deal in for 50 years. Ownership never changes hands. The management, though, does. The model is built for patience. It takes 12 years for a school to turn a profit. But K12's cap table is full of private equity firms running on 10-year fund cycles, and they need a way out. So what happens when a business built for the long game has to keep moving fast? Tune in. *We want to get to know you a little better. Tell us what you think about Daybreak here ( https://theken.typeform.com/to/F6BShlFR ). Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe ( https://the-ken.com/pricing/ ) for more exclusive, deeply-reported, and analytical business stories. Daybreak Episode 781 June 28, 2026 ★ Episode details: https://share.transistor.fm/s/42ea5d81 ★ Additional episodes: https://the-ken.com/podcasts/daybreak/