Blackstone to sell Simplilearn stake

Global private equity firm Blackstone is looking to sell its majority stake in Simplilearn, more than three years after buying over 60% in the digital learning platform.

- Mansi Verma & Sneha Shah

MUMBAI:

Four people aware of the plan confirmed the plan, adding Blackstone's investment bankers have sounded out potential buyers. The global investor had invested about $250 million (over ₹1,870 crore) in the Bengaluru-based startup in 2021.

"They are actively scouting for buyers; bankers have been reaching out to enquire about people's interest," one of the four people said. Mint could not identify the investment bankers involved.

Securing an attractive valuation for its portfolio company is crucial for Blackstone, given that it is in the middle of raising a $10 billion Asian fund. Therefore, it may not immediately sell if the market valuation does not match up, a second person added.