Blackstone invests $250M for majority stake in Indian online learning platform

  • In an effort to accelerate online education and digital skills delivery, Blackstone (NYSE:BX) invests $250M for a majority stake in the Bengaluru-based online digital skilling platform, Simplilearn, as India's edtech sector accelerates from the pandemic, The Times of India reports, citing people familiar with the matter.
  • Blackstone's first private equity investment in Asia's and India's consumer tech space values Simplilearn at $400M, according to TOI. It's acquiring takes from Kalaari, Helion, and Mayfield Fund that had invested $28M in the online learning company.
  • Blackstone confirms the agreement to acquire a majority stake in Simplilearn, but doesn't disclose the financial terms.
  • Simplilearn will use the funding to expand into the U.S. and Europe and form partnerships with global universities; over the next 12-18 months, it will double the number of its employees to 3,000, and it will buy back employee stock options that would benefit ~100 employees, TOI reports, citing people familiar with the matter.
  • Simplilearn supports early to mid-career professionals acquire a variety of digital skills. It has 200K paid users and its free learning platform SkillUp aims to add 5M users by 2023, according to TOI.
  • The private equity group has $50B invested in India thus far, including IT firm Mphasis, Piramal Glass, and another edtech player Aakash Educational Services, which was recently acquired by BYJU'S for ~$1B.

    Over the current book year the company from New York City could achieve a revenue around 8.95 billion USD (consensus estimates). This is hugely more than 2021's revenue of 6.1 billion USD.

    Historical revenues and results Blackstone Group Inc plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 4.71 billion USD. The majority of the analysts expects for this year a profit per share of 3.78 USD. The price-earnings-ratio equals 30.47.

    For this year the analysts expect a dividend of 3.2 USD per share. Blackstone Group Inc 's dividend yield thus equals 2.78 percent. The average dividend yield of the health care companies equals a limited 1.45 percent.

    Blackstone Group Inc 's market capitalization is based on the number of outstanding shares around 77.29 billion USD. 129

    Historical stock prices Blackstone Group Inc

    stock graphs blackstonegroupinc

    On Tuesday the stock closed at 115.16 USD.

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