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New Deal


Announced

Completed

Allen Career Institute completed the acquisition of Doubtnut for $10m.

Financials

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Transaction Value£7m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Digital Services

educational technology

India

Domestic

Private

Friendly

Single Bidder

Acquisition

Majority

Completed

Synopsis

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Allen Career Institute, an education services provider, completed the acquisition of Doubtnut, an Indian educational app, for $10m. “Timely and effective resolution of doubts is a core consumer need in education. Doubtnut’s platform will allow us to greatly enhance the learning experience for our students. We are also excited by the prospects of offering ALLEN’s high quality academic products to a wider audience,” Nitin Kukreja, Allen Career Institute CEO.

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