Nishith Desai Associates: Deal Corner
Posted by By nishithadmin at 14 January, at 11 : 17 AM Print
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FOUNDATION HOLDINGS AND RYAN GROUP’S JOINT VENTUE; ACQUISTION OF PEARSON’S MANAGED SCHOOLS BUSINESS
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://www.theweek.in/wire-updates/business/2019/12/17/pwr19-foundation%20holdings.html
Chambers and Partners Asia Pacific: Band 1 for Employment, Lifesciences, Tax and TMT
2020, 2019, 2018, 2017, 2016, 2015
IFLR1000: Tier 1 for Private Equity and Project Development: Telecommunications Networks.
2020, 2019, 2018, 2017, 2014
AsiaLaw Asia-Pacific Guide 2020: Ranked ‘Outstanding’ for TMT, Labour & Employment, Private Equity, Regulatory and Tax
FT Innovative Lawyers Asia Pacific 2019 Awards: NDA ranked 2nd in the Most Innovative Law Firm category (Asia-Pacific Headquartered)
RSG-Financial Times: India’s Most Innovative Law Firm
2019, 2017, 2016, 2015, 2014
Benchmark Litigation Asia-Pacific: Tier 1 for Government & Regulatory and Tax
2019, 2018
Legal500: Tier 1 for Dispute, Tax, Investment Funds, Labour & Employment, TMT and Corporate M&A
2019, 2018, 2017, 2016, 2015, 2014, 2013, 2012
Who’s Who Legal 2019:
Nishith Desai, Corporate Tax and Private Funds – Thought Leader
Vikram Shroff, HR and Employment Law- Global Thought Leader
Vaibhav Parikh, Data Practices – Thought Leader (India)
Dr. Milind Antani, Pharma & Healthcare – only Indian Lawyer to be recognized for ‘Life sciences – Regulatory,’ for 5 years consecutively
Merger Market 2018:Fastest growing M&A Law Firm in India
Asia Mena Counsel’s In-House Community Firms Survey 2018:The only Indian Firm recognized for Life Sciences
IFLR: Indian Firm of the Year
2013, 2012, 2011, 2010
IDEX Legal Awards 2015: Nishith Desai Associates won the “M&A Deal of the year”, “Best Dispute Management lawyer”, “Best Use of Innovation and Technology in a law firm” and “Best Dispute Management Firm”
