Tree House Education and Accessories has more than 350 centres across India including in Mumbai, Pune, Hyderabad, Bangalore and Ahmedabad.  (Tree House Education and Accessories has more than 350 centres across India including in Mumbai, Pune, Hyderabad, Bangalore and Ahmedabad. )
Tree House Education and Accessories has more than 350 centres across India including in Mumbai, Pune, Hyderabad, Bangalore and Ahmedabad.
(Tree House Education and Accessories has more than 350 centres across India including in Mumbai, Pune, Hyderabad, Bangalore and Ahmedabad. )

Tree House to acquire Brainworks Learning

Tree House managing director Rajesh Bhatia says the firm wants to enter markets like Delhi, Punjab where Brainworks’ has a presence

Mumbai: Educational services company Tree House Education and Accessories Ltd said it has entered into an agreement to purchase Brainworks Learning Systems Pvt. Ltd for an undisclosed sum.

Tree House said in a filing to stock exchanges the transaction will be closed after the conclusion of due diligence.

“We will take another 60 days to conclude the due diligence. We want to enter markets like Delhi and Punjab where Brainworks’ has presence and we think it could be a mix," said Rajesh Bhatia, managing director, Tree House Education.

The company has more than 350 centres across India including in Mumbai, Pune, Hyderabad, Bangalore and Ahmedabad.

Tree House Education sold shares to the public in 2012 and has investors such as Matrix Partners India Investment Holdings Llc and FC VI India Venture (Mauritius) Ltd.

Mumbai-based Brainworks runs a chain of pre-schools. It has pre-school and day care among other programmes for children, according to its website.

A spokesperson of Brainworks Learning Systems acknowledged the offer from Tree House Education. “We are still considering the offer and we may come out with a decision soon," he said without giving more information.

Close