Laureate sells India business
Netherlands-based Global University Systems (GUS) has acquired the education and related support services business of US-based Laureate Education in India for US$150 million. The acquisition includes a University Grants Commission-recognized university and another academic institution. This constitutes one of the largest buyouts in the private education space globally.
Talwar Thakore & Associates (TT&A) advised Global University Systems on the deal structure and conducted extensive due diligence on the target entities, analyzing the regulatory framework governing societies and educational institutions in India.
The firm was represented by partner Feroz Dubash, managing associate Anurag Shrivastav and associates Stuti Johri, Anshita Chauhan and Nida Bagadia.
FirstCry acquires Oi Playschool
People Combine Play School Initiatives, which operates Oi Playschool, sold its business intellectual property to SoftBank-backed Brainbees Solutions, which operates FirstCry. With the acquisition, the online baby products retailer FirstCry has entered the education sector. Oi operates 55 centres in Bengaluru and Hyderabad.
Oi also sold its centre-owned and centre-operated business and auxiliary services to Edubees Educational Trust, an arm of FirstCry.
IndusLaw advised Brainbees Solutions and was represented by partner Akhoury Winnie Shekhar, while Platinum Partners advised Oi.