Nishith Desai, IndusLaw, Samvad act on DeVry, Kaizen acquisition of EduPristine majority stake

Education services provider DeVry has tied up with Kaizen Private Equity, an education sector focused PE fund, to acquire a majority stake in Indian professional certification and skill development focused player, EduPristine for around Rs. 54 crore.

Nishith Desai Associates acted as legal counsel for DeVry through a team comprising Partner & Head of Education Practice Vivek Kathpalia, Head of the International Commercial Law Practice Huzefa Tavawalla, and Senior Associate Kartik Maheshwari.

IndusLaw represented Kaizen through a team led by Partner Satya Akella.

Samvad Partners advised EduPristine through a team led by Partner Vineetha MG.

The deal marks the first major acquisition in the education space by an overseas player after UK’s Pearson acquired Tutorvista in in 2011.