India Equity Partners acquires a 25% stake in IL&FS Education & Technology Services

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact or visit our website

FDN Database Reference:  F231109-312
Acquirer:  India Equity Partners  
Location:  Mumbai India
Region:  Asia
Description:  India Equity Partners Fund Advisors Pvt. Ltd. is a PE firm with $2bn under management. The fund focuses on companies operating in the fields of logistics, real estate, telecom, media, financial services manufacturing, life sciences and education.
Category:  Private Equity
Contact:  Gaurav Mathur, Managing Director, India Equity Partners
Vendor:  IL&FS Education and Technology Services Ltd
Vendor Web: 
Location:  Mumbai India 
Region:  Asia
Description:  IETS is in the business of commercialisation of technology-enabled learning and teaching solutions, including web-based multimedia, educational software packages, trade in technology-based products and publication of educational material, development and sale of content and software development and maintenance of information technology-related systems, including training, project management and consultancy in respect thereof.
Category: Education, Publishing
Contact 1:  Mr Ravi Parthasarathy, Chairman
Contact 2:  Hari Sankaran, Managing Director
Contact 3:   Arun K Saha, Joint Managing Director  
Aprox. Value:  Rs 140cr
Details:  India Equity Partners will acquire 25% stake in IL&FS Education and Technology Services Ltd. for around Rs 140cr, valuing the company at Rs 560cr. The price per share is expected to be Rs 175. The 3 existing shareholders- Orix Corporation of Japan, HDFC and Sera fund will divest their entire stake, which amounts to 20%, and the remaining 5% will be acquired through fresh issue of share by IETS. Orix Corporation also has a JV with IL&FS in ORIX Auto Infrastructure Services Ltd. The current paid-up capital of IETS is Rs 32.31cr, comprising of 3.23cr equity shares of each.

Link: Deal Curry

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: