Private equity firm Blackstone Group LP will invest in omni-channel education and test preparation firm Aakash Educational Services Ltd, the PE firm said… The PE firm is expected to pick up a 36.5% stake in Aakash for ₹1,350 crore at a valuation of over $500 million… Aakash is one of India’s largest test preparation companies, and helps students of classes 8-12 for medical, engineering and other competitive examinations.

— Mint

S&R Associates advised Aakash Educational Services Limited and its promoters led by a team of The S&R team included partner Mohit Gogia and associates Kanika Khanna, Rachita Bhat, Anshul Chopra and Apoorv Chaturvedi on M&A and transactional matters, and Simran Dhir, head of competition practice, and associates Dhruv Agarwal and Ishika Rout on competition law matters.

Update 7 November 2019: Trilegal advised Blackstone Group on M&A and transactional issues, led by a team of partner Nishant Parikh, partner Arjun Ghose, partner Anirudh Agarwala, counsel Jyotsna Jayaram, senior associate Aakriti Shakdher, senior associate Rahil Pereira, senior associate Snigdha Guha Roy and associate Shubhaang Sinha. The due diligence team included partner Vaibhav Kothari, senior associate Sara Rashid Khan, associate Kanika Bansal.

Shardul Amarchand Mangaldas advised The Blackstone Group on competition matters.

2019-10-30

Deal value: Rs.13.5 billion

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