Amsterdam-based Global University Systems (GUS) is in talks to buy the India business of US-based Laureate Education for at least Rs 1,200 crore, said two people familiar with the development. This will be one of the largest buyout deal in the private education space.

— The Times of India

The deal has now completed, according to an SEC filing.

Allen & Overy advised Laureate Education.

Linklaters acted for the purchaser.

TT&A acted for the purchaser, Global University Systems, on Indian law aspects, led by a team including partner Feroz Dubash, managing associate Anurag Shrivastav, and associates Stuti Johri, Anshita Chauhan and Nida Bagadia.

Khaitan & Co acted for the sellers in relation to Indian law matters, led by partner Rajat Mukherjee, partner Monika Srivastava, principal associate Sanchit Agarwal and associate Abhiroop De; tax aspects: partner Ritu Shaktawat, senior associate Sneh Shah and senior associate Rahul Jain; real estate aspects: partner Avnish Sharma, principal associate Kshitij Bishnoi and associate Siddharth Godha.

2019-05-01

Deal value: US$145.6million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.