Feb 2019

DCS Advisory India Acts as Exclusive Financial Advisor to People Combine on its Partnership with Nord Anglia Education

DCS Advisory India, a leading investment banking firm, acted as the exclusive financial advisor to People Combine, an operator of premium schools in India under the brand name “Oakridge International School”, on its becoming part of the Nord Anglia Education family, one of the world’s leading premium schools group with presence in 28 countries and a portfolio of 61 Schools.

Founded by Mr. Naga Prasad Tummala and Mr. Y V Rajasekhar, People Combine operates five premium K12 schools located across Hyderabad, Bengaluru, Mohali and Visakhapatnam in India. With over 7000 students, Oakridge International Schools consistently rank amongst the top International Schools in India.

The partnership provides Nord Anglia Education entry into the Indian market, a large and fast growing premium K12 market, and cements its position as world’s leading premium schools group.

“I am highly appreciative of the support we received from Nitin, Gaurav and the entire DCS Advisory team. They worked tirelessly to help us identify the right home for our business,” said Mr. Prasad, Chairman of People Combine. “They have a deep understanding of the Education Service domain globally and I highly recommend their team to others. Their dedication, hard work and advisory skills helped us achieve our goals and vision.”

NAE chief executive Andrew Fitzmaurice said the five OIS schools were a perfect fit for the NAE family. “We are excited about working with OIS to build on the schools’ strong foundations and success to date with access to even more opportunities that enhance students’ learning. Working together, we can achieve more than we can individually. Our schools have access to a wide range of resources and support to enhance their success” Mr Fitzmaurice said.

About DCS Advisory India
Daiwa Corporate Advisory India Private Limited, doing business as “DCS Advisory India” is a leading middle market investment bank providing M&A advisory and private capital raising for companies powering India’s growth economy, with a well-established reputation for guiding clients to successful outcomes. DCS Advisory India is an affiliate of DCS Advisory LLC and Daiwa Securities Group Inc. Along with DCS Advisory LLC, DC Advisory, other Daiwa affiliates, and alliance partners, DCS Advisory India is part of an established global brand with more than 900 professionals in 34 offices throughout the Americas, Europe and Asia. Our team of experienced bankers are highly specialized and focus on growth companies across a number of new age industry verticals within the Technology & Software, Consumer, Retail & Leisure, Media & Telecom, and Business & Tech-Enabled Services sectors. DCS Advisory India has offices in Bangalore and Mumbai. For more information visit www.dcsadvisory.com.

These materials have been prepared by DCS Advisory solely for informational purposes and do not constitute or form part of, and should not be construed as, an offer to sell or issue, a solicitation of an offer to buy, or a recommendation with respect to any securities.

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