Centrum Advisor to Manipal K-12 Education acquiring Tandem
Online PR News – 16-September-2009 – – Chennai, September 15, 2009 - Manipal K-12 Education today announced its take over of Tandem, an education and preparatory services provider. Tandem has a network that is the largest in Kerala, spanning 39 centers’ in Kerala, Tamil Nadu and 1 overseas centre in Dubai and offers a wide range of learning and preparatory services primarily targeted at segments ranging from high school to the corporate training level. With this move, Manipal K-12 has significantly extended its reach in South India. It currently has a chain of 30 Edurite tutorial centers in Karnataka and 6 in Kerala offering coaching for high school and entrance examinations and is seen as a pioneer in bringing technology to tutoring. Centrum Capital was the sole advisor on this transaction.
Tandem is Kerala’s first professional, organized education and training provider with a track record of 15 years and has focused on continuously adding a range of courses to its repertoire of product and service offerings becoming Kerala’s most prominent player in education. Annually, Tandem trains over 12,000 students across various courses and their students enjoy a high success rate.
Centrum Capital has been the sole financial advisor. Samir Bahl, ED Centrum Capital, said “The Education sector continues to witness a consolidation between quality regional providers of Education such as Tandem and national Education Companies with scalable business models like Manipal K-12 Education.
Right from online tutoring (TutorVista.com), technology content in schools (Edurite), technology-led coaching (Edurite Tutorials), English training (English Expert) to building and managing schools, Manipal K-12's wide spectrum of offerings provide an across the board learning experience to students which encourages progressive learning. Manipal K-12 creatively employs a variety of media to personalize learning for different learners and deploys new and innovative technology making teaching and learning an interactive, fun process.