KKR has acquired a majority stake in Master D, a Spanish vocational training company for an enterprise value of €150m, according to a person familiar with the deal. The investment was made via the firm’s Global Impact fund, closed in February this year at $1.3bn.

Founded in 1994, Master D combines distance, online and in-person teaching methodologies to offer over 280 courses covering vocational training and professional certifications for the private sector, as well as preparation for examinations focused on the public sector across a range of departments. The company, headquartered in Zaragoza, serves 50,000 students annually across more than 36 centers in Spain and Portugal.