<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Matrix+Partners" target="_blank">Matrix Partners</a> has exited its around eight years old investment in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=tree+house" target="_blank">Tree House Education and Accessories Ltd</a> by selling entire stake in the company through open market transactions.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Matrix+Partners" target="_blank">Matrix Partners</a> has exited its around eight years old investment in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=tree+house" target="_blank">Tree House Education and Accessories Ltd</a> by selling entire stake in the company through open market transactions.
Matrix, the mid-stage venture investor, has sold remaining 10 percent stake in the company early this week and is estimated to pocketed around 34 crore.
The VC firm which started invested in the company in 2008, kept selling its stake in Tree House in tranches. Matrix had also participated in pre-IPo round of Tree House in 2011.
Last year in June, Matrix had sold around 3.23 per cent stake, post which it held 12.1 percent stake in pre-school education services provider.
Prior to that, in 2014, it had sold 4.8 percent stake in <a style="color: #000080;" href="http://www.treehouseplaygroup.net/" target="_blank">Tree House</a> for around Rs 50.4 crore.
For the past few weeks, Matrix sold around 2 percent stake.
Founded in 2006, Mumbai-based Tree House operates pre-school and nursery facilities, vacation camps, hobby classes, day care facilities and teacher training courses. The company which has around 730 pre-schools, had raised Rs 200 crore (little over $30 million) early last year.
In Dec 2015, the company, pre-school chain operator Tree House Education and Accessories Ltd and <a style="color: #000080;" href="http://zeelearn.com/" target="_blank">Zee Learn Ltd</a>, a Bangalore-based early childhood care &amp; education company, <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/merger-with-zee-learn-tree-house-investors-get-raw-deal-25066/" target="_blank">announced</a> that they are exploring options to merge both the firms.
Tree House Education&#8217;s scrip last exchanged hands at Rs 92.10 per share, up 5.80 percent on BSE in a weak Mumbai market on Wednesday.
Also Read: 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/merger-with-zee-learn-tree-house-investors-get-raw-deal-25066/" target="_blank">India: Tree House investors get a raw deal on pre-school chain’s merger with Zee Learn</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-venture-backed-pre-school-chain-tree-house-exploring-merger-with-essel-groups-zee-learn-22241/" target="_blank">India: Venture-backed pre-school chain Tree House exploring merger with Essel Group’s Zee Learn</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/matrix-partners-reinventing-to-thrive-27205/" target="_blank">Indian VC: Matrix Partners, the story of reinvention into a go-to investor for technology</a>

India: Matrix Partners exits pre-school chain Tree House

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India: Matrix Partners exits pre-school chain Tree House

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