InCorp India advises J K Shah Education on strategic acquisition by Veranda Learning

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J K Shah Education, a number one participant in CA teaching and commerce packages with 75+ centres throughout the nation, has signed a definitive settlement for being acquired by Veranda Learning. InCorp Advisory was the sell-side advisor to the transaction

MUMBAI, India, Oct. 14, 2022 /PRNewswire/ — InCorp Advisory, a number one skilled providers agency in India, has introduced its position within the acquisition of 76% shares of J K Shah Education by Veranda Learning Solutions (NSE: VERANDA) for INR 337.8 Crore (Approx. USD 41 Million). InCorp Advisory was the sell-side advisor for this transaction.

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J K Shah Education is the most important CA teaching institute in India with 90,000+ college students finding out at 75 centres positioned throughout 39 cities in India. Pioneer Educationist Professor J. K. Shah, the founding father of J K Shah Education mentioned, “This is an opportunity for us to take a proven and successful education pedagogy to a wider audience using technology. Veranda Learning will enable us to democratize our programs and bring them to students across all socio-economic strata and locations.”

“InCorp Advisory played a key role in helping us navigate the entire transaction lifecycle from due diligence support to transaction structuring and closing. The invaluable support provided by the Investment Banking and Transaction Advisory team at InCorp Advisory helped us unlock the value of mutual synergies with a strategic investor like Veranda Learning,” he added.

Mr. Kalpathi S. Suresh, Chairman and Executive Director, Veranda Learning Solutions mentioned, “It is very rare to see a sell-side advisor work in an integrated manner as we could see with the InCorp team. Their technical inputs and solutions-centric approach at critical times was key to the successful and timely closure of this transaction.”  

“This acquisition is another feather in the cap for us at InCorp Advisory. This is among the largest strategic investments in the education sector for 2022 and among the Top 3 transactions in India’s Competitive Exam Preparation segment. A deep understanding of our client’s business, and ability to engage on all aspects of the transaction is instrumental in the success of this deal,” mentioned Manish Modi, the CEO of InCorp India – who can also be an All-India-Rank holder Chartered Accountant and a J K Shah Education alumnus.

Having greater than 1800 All-India Rankers at CA Exams, J K Shah Education is as we speak one of the vital acknowledged manufacturers within the Education Sector in India. Notable alumni of J K Shah Education embrace Industrialist Kumar Mangalam Birla and Cabinet Minister Piyush Goyal.

About InCorp Advisory

InCorp Advisory is a Singapore-headquartered skilled providers agency with 1500+ professionals working from 8 international locations throughout the Asia Pacific. In India, InCorp Advisory gives Transaction Advisory, Investment Banking, Corporate Restructuring, RoC Compliance, Taxation and ESG Services by Mumbai, Bangalore, Chennai, and GIFT City places of work.

For extra info, please write to [email protected]

Media Contact: Preksha Lalwani

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