Add-on Acquisition • Education

BYJU S Acquires AESL

On April 5, 2021, BYJU S acquired education company AESL from The Blackstone Group for 1.0B USD

Acquisition Context
  • This is BYJU S’s 4th transaction in the Education sector.
  • This is BYJU S’s largest (disclosed) transaction.
  • This is BYJU S’s 5th transaction in India.

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M&A Deal Summary

Date April 5, 2021
Target AESL
Sector Education
Buyer(s) BYJU S
Sellers(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 1.0B USD

Target Company

AESL

New Delhi, India
AESL is a test preparation company in India, preparing students from grades 8 to 12 to prepare for medical, engineering and other competitive examinations like Olympiads and NTSE. Established in 1988 as Aakash Institute, AESL has a long history. Today, the company has more than 200 centers across 130 cities, employing over 2,200 teachers to help teach more than 250,000 students.
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Buyer Overview 1

Buyer

BYJU S

Bengaluru, India

Category Company
Founded 2008
Sector Education
DESCRIPTION

BYJU'S is an educational software company developing online learning solutions for K3, K10, K12, NEET, JEE, UPSC & Bank Exams. BYJU'S was established in 2008 and is headquartered in Bengaluru, Karnataka.


Deal Context for Buyer #
Overall 6 of 11
Sector: Education 4 of 7
Type: Add-on Acquisition 5 of 10
Country: India 5 of 7
Year: 2021 1 of 6
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 WhiteHat Jr.

Mumbai, India

WhiteHat Jr. is a provider of live online coding classes for kids. WhiteHat Jr makes kids creators in the new world with the first structured coding curriculum in the world for early childhood. WhiteHat Jr. was formed in 2018 and is based in Mumbai, India.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-21 Epic

Redwood, California, United States

Epic is a digital reading platform for kids 12 and under. Epic!’s digital library includes many of the best kids' books, popular ebooks, and videos such as Fancy Nancy, Big Nate, Warriors, and National Geographic Kids. Epic is based in Redwood, California.

Buy $500M

Seller Profile 1

SELLER

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


Deal Context for Seller #
Overall 153 of 195
Sector: Education 2 of 2
Type: Add-on Acquisition 57 of 75
Country: India 12 of 13
Year: 2021 6 of 16
Size (of disclosed) 43 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 GeoComply

Vancouver, British Columbia, Canada

GeoComply specializes in geolocation and compliance technology. GeoComply operates at the center of a new generation of cybersecurity companies, leveraging advanced geolocation data to make better risk-based decisions. GeoComply was founded in 2011 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-13 Sabre Industries

Alvarado, Texas, United States

Sabre Industries is a producer of highly engineered products used for electric transmission and distribution and wireless telecommunications, offering a complete customer solution with a full range of engineered towers, poles, structures, and related services. Sabre Industries was founded in 1977 and is based in Alvarado, Texas.

Buy -

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