Investment Summary

The Blackstone Group Invests In AESL

On October 30, 2019, private equity firm The Blackstone Group invested in education company AESL

Investment Highlights
  • This is The Blackstone Group’s 4th transaction in the Education sector.
  • This is The Blackstone Group’s 15th transaction in India.
Investment Fate
  • AESL was sold to a strategic buyer in 2021 for 1.0B USD.

Investment Summary

Date 2019-10-30
Target AESL
Sector Education
Investor(s) The Blackstone Group
Deal Type Stake Purchase

Target

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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Investor(S) 1

Investor

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 STATS #
Overall 261 of 364
Sector: Education M&A 4 of 5
Type: Stake Purchase M&A Deals 46 of 50
Country: India M&A 15 of 19
Year: 2019 M&A 14 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-04 Sipartech

Paris, France

Sipartech operates neutral dark fiber networks in the Paris metro area, Marseille and Lille. Through its own network, Sipartech provides high-capacity, low-latency connectivity to data centers, telecom operators and corporate clients. Sipartech was founded in 2009 and is based in Paris, France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-08 Bumble

Austin, Texas, United States

Bumble is a women-first dating application and social community that creates empowering connections in love (Bumble Date), life (Bumble BFF), and work (Bumble Bizz). Bumble is part of the MagicLab family of companies, which also owns Badoo, an international dating app. Bumble was founded in 2014 and is based in Austin, Texas.

Buy $3.0B