Moving at Breakneck Speed: Bodhi Tree Bets Big on Edtech This Time

Photo by Nguyen Dang Hoang Nhu on Unsplash

Less than a week since it hit headlines, James Murdoch and former Disney executive Uday Shankar’s investment platform, Bodhi Tree Systems is making another big move. 

The investment platform backed by the billionaire bulls has picked up a strategic stake in ALLEN Career Institute, a premier coaching institute, for $600 million.

The Lions and Their Share 

So far, there is no mention of the quantum of the stake purchase. The transaction comes barely a few days after Bodhi Tree announced leading an Rs.13,500 Cr fund-raise in Viacom18, to jointly build India’s leading entertainment platform in a tripartite partnership with billionaire Ambani.

The media moguls said their investment in the 33-year-old education brand is strategic in nature. Further, the deal values Kota-headquartered Allen at over $1 billion

Powerhouse of Brains

The Maheshwari family-owned Allen Career Institute is one of India’s notable coaching institutes, preparing students for entrance exams in multiple streams. With this investment, Allen will broaden its offering and scale up using technology as the core driver.

The transaction is expected to close within 3 months. EY acted as the exclusive financial advisor while AZB & Partners were the legal advisors to Bodhi Tree.

The investment in Allen comes at a time when the test prep market is in the thick of the action and reshaping through investments, mergers and acquisitions. While Aakash Education was acquired last year by BYJU’S for nearly $1 billion, another leading test prep brand T.I.M.E was acquired last month by Veranda Learning for Rs. 287 Cr.

Too long? Here’s a one-liner: Bodhi Tree Systems picks up strategic stake in Kota-based ALLEN coaching institute for $600 million

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