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Article: United States: Core Projects acquires K-12 division of the Princeton Review for $20M.
- Article from:
- TendersInfo
- Article date:
- December 30, 2008
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Byline: Mamta03
Mumbai based IT company, Core Projects & Technologies Ltd (CORE) has acquired K-12 Division of The Princeton Review Inc (TPR) a NASDAQ listed Education Company for $20 million, the company informed the BSE.
The acquisition will be completed through its wholly owned subsidiary CORE Education & Consulting Solutions Inc, USA (CECS). The acquisition is expected to be funded out of debt being raised by CECS and will add approximately $24 million to CORE global revenues, yielding an EBITDA of 24 percent in the first full year of operations.
Headquartered in New York, The Princeton Review is a pioneer in education and ...