Business Transfer, according to reports.

SoftBank-backed FirstCry, which retails products and also operates a social network catering to young parents and babies, is entering the education space by acquiring Oi Playschool in what is the first of its kind deal in a fast consolidating segment. FirstCry plans to expand Oi Playschool — which currently operates about 55 centres in Hyderabad and Bengaluru — across the country with over 1,000 centres in five years.

— The Times of India

IndusLaw advised Brainbees Solutions Private Limited, operating as FirstCry, led by a team of partner Akhoury Winnie Shekhar, and associates Pavani Nath, Jaidrath Zaveri and Nabarun Chandra Ray.

Platinum Partners advised Oi Playschool.

2019-11-01

Deal value: Not public

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.