Singapore High Court: Imarticus Learning Acquires BELLS Institute of Higher Learning

• Imarticus Learning acquired Singapore-based BELLS Institute of Higher Learning for approximately ₹800 crore.
• IC RegFin Legal advised Imarticus on structuring, finalizing, and executing the transaction documents.
• The acquisition marks Imarticus' first international deal and its entry into Southeast Asia with Singapore as the regional hub.
• BELLS Institute of Higher Learning will become part of Imarticus' portfolio, bringing its unique teaching methodology to the table.

The acquisition is a strategic move for Imarticus, allowing it to expand its offerings in the region and provide high-quality education to students in Southeast Asia.

Imarticus Learning Private Limited has made a significant move in the education sector by acquiring Singapore-based BELLS Institute of Higher Learning for approximately ₹800 crore. The acquisition marks Imarticus' first international deal and its entry into Southeast Asia, with Singapore serving as the regional hub. The transaction was led by IC RegFin Legal, which advised Imarticus on structuring, finalizing, and executing the transaction documents. Pioneer New England Legal Foundation (formerly Pioneer Legal) instructed Withers KhattarWong to handle the Singapore elements of the deal.

The acquisition is a strategic move for Imarticus, allowing it to expand its offerings in the region and provide high-quality education to students in Southeast Asia. BELLS Institute of Higher Learning will become part of Imarticus' portfolio, bringing its unique teaching methodology and industry-specific expertise to the table.

The acquisition involved a team of experts from IC RegFin Legal, led by Partner Vartika Koolwal and Senior Associate Saket Pawar. The transaction team consisted of Anupam Shukla (Partner), Vedika Shah (Principal Associate), and Associates Manan Gosar and Mahima Choudhary (now Principal/Client Partner at Korn Ferry). Pritha Jha (Partner) provided input on strategic elements of the transaction. Ashurst Perkins Coie represented BELLS Institute of Higher Learning in this deal.

The involvement of IC RegFin Legal highlights their expertise in cross-border transactions, particularly in the education sector. This acquisition may set a precedent for future deals involving Indian edtech companies and international partners.

This acquisition has significant implications for the education sector in India and Southeast Asia. Imarticus' entry into Singapore marks its first step towards establishing itself as a regional player in the region. The deal also underscores the growing importance of cross-border transactions in the edtech space, with Indian companies seeking to expand their reach globally.

Lawyers advising on Indian mergers and acquisitions should take note of IC RegFin Legal's involvement in structuring this deal, which may indicate their expertise in handling complex cross-border transactions. This acquisition serves as a reminder of the need for legal professionals to stay abreast of developments in the edtech sector and be prepared to advise clients on navigating international deals.

Lawyers advising on Indian mergers and acquisitions should note the involvement of IC RegFin Legal in structuring this deal, which may indicate their expertise in cross-border transactions.

Source: Original reporting via Bar & Bench