CLSA Unit Pays $22M For Stake In Indian Education Co.

Law360, New York (October 4, 2011, 6:11 PM EDT) -- The private equity arm of investment group CLSA Asia-Pacific Markets announced Tuesday it had paid $22 million for a minority stake in Indian education company Resonance Eduventures Private Ltd. in an attempt to profit from India's education boom.

CLSA Capital Partners said it would invest in the company that provides test coaching through its $333 million ARIA Investment Partners III LP fund, making it the group of funds' 10th investment in an India-based company.

The deal marks CLSACP's third multimillion-dollar investment since July in companies seeking to tap growing markets in Asia....
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