Everonn Education to announce a buy in 3 months

Everonn Education to announce a buy in 3 months

Mumbai: Learning solutions provider Everonn Education is looking to acquire small-sized Indian education companies and is hoping to announce a buy within three months, a top official said.

“We are looking at acquisitions seriously. We now have a dedicated team which is actively looking into every opportunity available.... Our target will be small Indian education firms with an annual revenue of Rs100-150 million," P. Kishore, managing director exclusively told Reuters on the sidelines of the private equity for education ventures summit.

The company is also expecting 50-60% jump in revenues in FY11 and FY12, he said. In FY10, its consolidated revenue was Rs293 crore.

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