Byju’s group company Great Learning has acquired Singapore’s executive education firm Northwest Executive Education in a stock and cash deal of around $100 million, according to people in the know.
This is yet another investment from the Bengaluru-based Byju’s in the executive education space after it acquired Great Learning in a $600 million deal in July last year.
In February, Great Learning had bought out Superset, a recruitment platform, in what was its first acquisition.
Founded in 2015, Northwest Executive Education offers programs in management, leadership, technology, healthcare, innovation, and other in-demand executive learning areas. It is said to have participants from over 50 countries.
Post the acquisition, Northwest will continue to operate as an independent organization, and its cofounders, Mohit Jain, Tamhant Jain, and Maitreyi Singhvi will remain its leaders
The Singapore-based Northwest has partnerships with universities like MIT, UC Berkeley, Yale, UCLA, the University of Chicago, and others.
Going forward, Northwest Executive Education and Great Learning would work on leveraging synergies to expand their offering across markets like India, Asia, the US, Latin America, and Europe.
Since the Byju’s deal last year, Great Learning has expanded operations and now has around four million learners from more than 170 countries along with a network of over 4,700 industry experts.
Backed by Silver Lake, Blackrock, and other investors, Byju’s spent more than $2 billion in acquisitions last year with brick-and-mortar coaching network Aakash Institute being its biggest M&A to date. The Aakash deal was valued at nearly $ 1 billion.
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