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Recently, we have come out with a Research Report on the 'Test Preparation Industry'.
Back ground of the Research:
Private Equity has become a happening space in the past 4-5 years in the Indian Capital Markets. In the Private Equity circles, Education has always been on top of the radar. Within the education space, 'Test Preparation Industry' has received the most attention due to its superlative growth during the past decade - helped by India's demographic dividend. Career Point has already hit the stock markets with a successful IPO attracting 50 times over-subscription, with a total demand of US$ 1.20 Bn.
Further, the pre-school chain "Tree House" has already completed its IPO of INR 114 Crores in which Matrix PE is an investor. MT Educare, which operates under the brand "Mahesh Tutorials", has already filed IPO prospectus with SEBI.
58 PE deals have happened in this industry during the period of last 5-7 years, aggregating to a total investment of approximately US$ 1 Bn. The companies such as FIITJEE (funding in excess of INR 190 Crores), Resonance (funding ofINR 60 Crores) and Shri Chaitanya (funding of US$ 25 Mn) have received PE funding. So, many more IPOs can be expected as PE funds will try to find exits.
To deliberate all this further, we have put together this report on the 'Test Preparation Industry', from the private equity view point. The outline of the report, as well as the details to place the order is given in the attachment.
The report has been covered by Mint newspaper (on August 8, 2011) and Outlook Profit (in their August edition).
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