<article>Hong Kong-based school chain Nord Anglia Education Inc has acquired People Combine Education India Initiatives Ltd&#8217;s schools under the Oakridge International brand, marking its foray into India.</article>

Hong Kong-based school chain Nord Anglia Education Inc has acquired People Combine Education India Initiatives Ltd&#8217;s schools under the Oakridge International brand, marking its foray into India.
According to a Times of India <a href="https://timesofindia.indiatimes.com/city/hyderabad/oakridges-international-deal-hong-kong-firm-buys-it-for-nearly-rs-1600-crore/articleshow/68105047.cms" target="_blank" rel="noopener">report</a>, the Canada Pension Plan Investment Board and Baring Private Equity Asia-backed global education firm has acquired five Oakbridge K-12 schools for around Rs1,500 -1,600 crore.
“While the deal was signed a few weeks ago, the proprietors sent out a communication to the Hyderabad CEOs’ Forum on February 5,” an industrialist, who is part of this exclusive group told the newspaper. “It states that the existing proprietors have exited and the school is now part of the Nord Anglia Education family, a global organisation with more than 60 premier K-12 schools in more than 30 countries,” the industrialist said.
The school is managed by People Combine, a two-decade-old education management and consulting company, which was set up by two Indian School of Business (ISB) alumnus Naga Prasad Tummala and Y V Rajasekhar. The education chain also operates playschools apart from K-12 schools and has investment in education-technology businesses.
In April 2017, CPPIB and and funds affiliated with Baring Private Equity Asia had signed agreement to purchase all outstanding shares of, and to privatise Nord Anglia for a purchase price of $4.3 billion, including repayment of debt. Nord Anglia is now present across eight countries in the Americas, Europe, China, Southeast Asia and the Middle East.
The education space has seen some prominent deals in the last few years.
Last year, French childcare group Babilou also marked its foray into the Indian market with the acquisition of a majority stake in Amelio Early Education, a chain of early education centres, for an undisclosed amount. The buyout was also expected to help Chennai-based Amelio to expand in tier-1 cities.
It was recently reported that global private equity buyout funds General Atlantic and KKR were in talks to acquire a majority stake of around 75 per cent in preschool chains EuroKids, Kangaroo Kids and Billabong High, which are owned by Eurokids International.
Also Indian edtech major Byju&#8217;s last month acquired US-based playful learning system Osmo for $120 million.
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HK-based school chain Nord Anglia Education has acquired People Combine Education India Initiatives Ltd's schools under the Oakridge International brand.

CPPIB, Baring PE Asia-backed Nord Anglia acquires India's Oakridge schools

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CPPIB, Baring PE Asia-backed Nord Anglia acquires India's Oakridge schools

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