Nishith Desai Associates: Deal Corner

Posted by By at 14 January, at 11 : 17 AM Print

January 14, 2020

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://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


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”


DISCLAIMER

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient’s country/state.

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About Us

Nishith Desai Associates (NDA) is a research based international law firm with offices in Mumbai, Bangalore, Silicon Valley, Singapore, New Delhi, Munich and New York.

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