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Blackstone eyes majority stake in Globetrotters in $700 million education plan
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US private equity firm Blackstone is in talks to buy a majority stake in Jaipur-based Globetrotters Educational Innoventions, which runs the Jayshree Periwal International School (JPIS), multiple people in the know told ET.
Through this deal and other future acquisitions in the space, Blackstone is looking to create an education platform with a total investment of $600-700 million (Rs 5,317-6,203 crore), one of the persons said.
“The talks with Globetrotters are at an early stage but the initial conversations are centred around the fund investing…
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