Everonn Education has acquired training solution firm, Centum Learning from Bharti Group for an undisclosed sum of cash and a stake in Everonn Education..J. Sagar Associates advised Everonn Education and its promoters, the Varkey Group/GEMS Education with a team led by Partner Lalit Kumar along with Senior Associate Sujoy Bhatia..Centum was advised by Bharti’s in-house legal team..Dealcurry reports, the acquisition is expected to provide Everonn Education with a new business vertical of corporate training – the flagship product of Centum and a gateway to the African continent with Centum’s presence in over 17 countries..Centum has more than 1000 learning & development specialists and provides services to over 350 global firms, Central and State ministries. It has set up more than 170 Centum Learning Centres in 150 cities across India..Incorporated in 1987, Everonn Education is an education and training company based in Chennai and its services include knowledge resources management, designing and delivering learning and training programmes, setting up infrastructure for services among others..Dubai-based Varkey Group’s Gems Education had recently acquired 35 percent stake in Everonn Education and Varkey Group had been inducted as the co-promoter of Everonn pursuant to the transaction. Trilegal advised GEMS Education on this transaction.
