NIIT Acquires St. Charles Consulting Group

The acquisition was accomplished at a set consideration of USD 23.428 Million topic to sure changes as per definitive agreements. In addition, the definitive agreements present for cost of annual efficiency based mostly earnouts over the subsequent 4 years.

Founded in 2002, by two former Arthur Andersen Partners, St. Charles Consulting Group has a community of over 500 premier administration consultants within the fields of studying, group growth, information companies, and workforce planning. The firm presents options in 4 key areas – strategic consulting, customized studying experiences, studying curation, and managed companies.

With their genesis as main Arthur Andersen studying professionals at Andersen’s Worldwide Center for Training and Development, the corporate’s founders and key workforce members have served over 12 out of the highest 15 international skilled companies corporations.

The acquisition helps NIIT add vital presence within the skilled companies and administration consulting sectors whereas strengthening NIIT’s quickly rising studying consulting observe. The transaction is in step with NIIT’s said objective of accelerating progress by investments that add new capabilities to carry extra worth to its clients and strengthen presence in enticing buyer segments. St. Charles’ deep expertise in Strategic Learning Programs aimed in direction of advancing total technique, addressing strategic business priorities, and key initiatives at massive organizations are in excessive demand throughout massive, international organizations. NIIT believes there’s a vital progress alternative for StC’s business going ahead and expects the transaction to be margin and EPS accretive from the primary yr.

“Learning and Development is at the epicenter of change in a post-pandemic world that is going through rapid business and industry transformation. As organizations strive to build and retain talent and skills for a future-ready workforce, L&D is leading the way on many key initiatives. St. Charles Consulting Group brings deep expertise and experience in building strategic learning programs which are in high demand across our customer base,” said Sapnesh Lalla, Chief Executive Officer and Executive Director, NIIT Limited.

“As NIIT helps our global customers build sustainable learning ecosystems for the future, the experience that the St. Charles team brings will be invaluable. Our consulting team is also on a high growth trajectory and the St. Charles team will help us fulfil the exponential demand for experienced learning consultants globally,” he added.

“The acquisition of St. Charles Consulting Group will give our customers access to an expanded capability of consulting, designing, and implementing strategic learning programs. This will enable us to engage with our customers on a deeper level to help them attain their strategic objectives,” said DJ Chadha, Chief Customer Officer, NIIT Limited.

“Given the accelerated change that businesses are experiencing as a result of advanced technologies, accelerated evolution of skills, and new service delivery models, organizations’ ability to learn and adapt must be at the core of their business strategy and imperatives. As a result of the current business climate, St. Charles has experienced incredible growth over the last few years, helping our clients in this new frontier of learning.

The time couldn’t be better to join forces with NIIT to bring a broader array of capabilities to our clients. The two firms bring complementary learning capabilities and offerings which will allow us to more fully serve our clients and be even more competitive in the marketplace,” said Larry Durham, President of St. Charles Consulting Group.

VectorSpan and AGG acted as the financial and legal advisor respectively in this transaction.