India:
Foundation Holdings And Ryan Group's Joint Ventue; Acquistion Of Pearson's Managed Schools Business
16 January 2020
Nishith Desai Associates
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DEAL BRIEF
Foundation Holdings and Ryan International Group have formed a
joint venture under the brand 'Ryan EduNation' to expand
footprints in K-12 education in India. Foundation Holdings has
committed USD 100 million investment to this joint venture, to
adopt a scalable partnership model by empowering educational
institutions and passionate landowners across India to create a
platform of change and impact. To accelerate growth, Ryan EduNation
recently acquired the managed school platform owned by Pearson
India Education Services Private Limited which already enables over
18,000 students across India to access quality education.
OUR ROLE
We, at
Nishith Desai Associates, acted as legal and regulatory counsel
to the parties in the creation of the joint venture. We also
advised the joint venture on the legal and regulatory aspects of
the acquisition of Pearson India Education Services Pvt Ltd's
managed school venture in India.
PRESS COVERAGE
Press coverage relating to the deals is as follows:
https://economictimes.indiatimes.com/industry/services/education/foundation-holdings-commits-100-million-in-education-jv-with-ryan-group/articleshow/72872836.cms?from=mdr
https://www.theweek.in/wire-updates/business/2019/12/17/pwr19-foundation%20holdings.html
https://www.business-standard.com/article/pti-stories/uae-based-foundation-holdings-ties-up-with-ryan-international-to-invest-usd-100-mn-in-education-jv-119121701566_1.html
https://www.prnewswire.com/in/news-releases/ryan-international-group-of-institutions-and-foundation-holdings-launch-ryan-edunation-838798481.html
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