Transaction Announcement: Educomp acquires a strategic stake in Vidya Mandir Classes
Four-S Services Pvt. Ltd. acted as sole financial advisor to Educomp Solutions Ltd for the acquisition of a strategic stake in engineering test preparation player Vidya Mandir Classes Pvt. Ltd. for Rs. 340mn. The acquisition forms part of Educomp's strategy to consolidate their supplemental education business and provide synergies with its engineering test prep Leap program, already present in 12 cities via VSAT model. Post the alliance, Vidya Mandir Classes will work closely with Educomp in developing innovative learning and technology enabled education solutions.
Founded in 1994, Educomp is a globally diversified education solutions provider and the largest education company in India. The company has been at the forefront of pioneering initiatives in the education space over the years. With an employee base of more than 10000 professionals, Educomp serves 26,000 schools and 16 million learners and educators in India as well as the US, Canada, Singapore and Sri Lanka. Educomp has partnered with leading global education companies such as Raffles Corporation and Pearson to offer best-in-class higher education and vocational programs to students. Educomp's long undiluted focus on curriculum design and teacher education space, in developing applications and products, has revolutionized leverage of information technology and Internet for education. For more information, visit www.educomp.com.
About Vidya Mandir Classes
Founded in 1989, Vidya Mandir Classes is a premier IIT-JEE coaching organization. Over the years VMC has built an enviable reputation for providing high quality coaching to help students achieve success in IIT-JEE and other engineering entrance examinations such as AIEEE, NSIT, DCE, BITS, etc. Every year VMC reaches out to over 10,000 students. Its pedagogy and learning methodologies are recognised in the industry and proven by the high success rate of VMC students in IIT JEE and other engineering examinations.