Blackstone sets eyes on premium schools – Plans to invest $700 mn for stake in Jaipur-based Globetrotters

In one of the most ambitious moves yet in India’s private education sector, global private equity behemoth Blackstone is in advanced discussions to acquire a majority stake in Jaipur-based Globetrotters Educational Innoventions, the operator of Jayshree Periwal International School (JPIS). The multi-stage plan is expected to culminate in the creation of a $600-700 million India-focused…

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