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September 15, 2009

Deal Alert: Manipal Group acquires Kerala-based education firm Tandem

Edited excerpts from the press release:

Manipal K-12 Education has acquired Tandem, a Kerala-based education and preparatory services provider. Tandem has a network spanning 39 centers in Kerala, Tamil Nadu and one overseas centre in Dubai and offers services primarily targeted at segments ranging from high school to the corporate training level. Centrum Capital was the sole advisor for this transaction.

Manipal K-12 currently has a chain of 30 Edurite tutorial centers in Karnataka and 6 in Kerala offering coaching for high school and entrance examinations.