Blackstone eyes majority stake in Globetrotters in $700 million education plan

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US private equity firm Blackstone is in talks to buy a majority stake in Jaipur-based Globetrotters Educational Innoventions, which runs the Jayshree Periwal International School (JPIS), multiple people in the know told ET.

Through this deal and other future acquisitions in the space, Blackstone is looking to create an education platform with a total investment of $600-700 million (Rs 5,317-6,203 crore), one of the persons said.

“The talks with Globetrotters are at an early stage but the initial conversations are centred around the fund investing…



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Blackstone eyes majority stake in Globetrotters in $700 million education plan



US private equity firm Blackstone is in talks to buy a majority stake in Jaipur-based Globetrotters Educational Innoventions, which runs the Jayshree Periwal International School (JPIS), multiple people in the know told ET.

Through this deal and other future acquisitions in the space, Blackstone is looking to create an education platform with a total investment of $600-700 million (Rs 5,317-6,203 crore), one of the persons said.

“The talks with Globetrotters are at an early stage but the initial conversations are centred around the fund investing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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