IDP Education Ltd., an Australian listed entity, has acquired the British Council’s International English Language Testing System (IELTS) business in India for £130m.
As per the agreement, IDP will purchase 100% of the British Council’s India IELTS business on a debt free, cash free basis. Existing British Council employees will join the IDP team when the deal completes in August.
International law firm Simmons & Simmons and Indian law firm DSK Legal have jointly advised IDP.
The Simmons team was led by corporate partner Arthur Stewart and Associate Callum Bailey along with counsel and head of the India group for UK corporate, Shashwat Patel.
Disputes partner Patrick Boylan and IP partner Adrian Smith also provided significant input.
The DSK team was led by corporate M&A partners Aparajit Bhattacharya and Harvinder Singh.
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