Reliance PE goes to school with Pathways
The first private equity investment to be made by Reliance Capital’s PE arm is in the much-touted Indian education sector.
The group has purchased a stake worth Rs100 crore ($22.6 million) in Pathways World School, an internationally-geared school which follows the International Baccalaureate Diploma program for students from pre-nursery through grade 12. Reliance Equity Advisors believes growth in the education sector stands at 50-60%, a trend the private equity firm is looking to tap into with this investment.
Pathways will use the money to build two more schools in and around New Delhi, where it already has three schools in operation. Prashant Jain, promoter-director of Pathways, also said they are looking to “diversify into higher education” and are exploring a university model. Land has been purchased, but plans are not fully fleshed out, according to the company.
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