Khaitan & Co assisted and advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC.
| NO | HEADINGS | DETAILS |
| 1. | Sector | Financial Services Education |
| 2. | Announcement Date | 10-Mar-2022 |
| 3. | Completion Date | 10-Mar-2022 |
| 4. | Name of Client | Adtalem Global Education, Inc. |
| 5. | Acquirer Details | Wendel | France |
| 6. | Seller and Target Details | Adtalem Global Education Inc. | USA | Seller | Represented by Khaitan & Co
ACAMS GRC (India) LLP | India | Target | Represented by Khaitan & Co |
| 7. | Deal Description | Advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC for a total consideration of USD 338 million. Wendel, one of Europe’s leading listed investment firms based in Paris, acquired 98% equity stake in Association of Certified Anti-Money Laundering Specialists LLC, a global leader in training and certifications for anti-money laundering and financial crime prevention professionals, from Adtalem Global Education, Inc. |
| 8. | Total Consideration | USD 338 million |
| 9. | Team Members | The core team consisted of Rajat Mukherjee (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Senior Associate) and Utsav Lohia (Associate) with assistance from Indruj Singh Rai (Partner) and Sarthak Parnami (Associate) on Tax aspects of the transaction. |
| 10. | Role of Firm | We assisted and advised Adtalem Global Education, Inc. on the India leg of its divestiture of Association of Certified Anti-Money Laundering Specialists LLC. As a part of the India leg, we assisted with the transfer of the partnership interests of ACAMS GRC (India) LLP from an Indian law and tax perspective. |
| 11. | Press coverage | https://www.wendelgroup.com/wp-content/uploads/2022/03/PR_Wendel_CLOSING-ACAMS_03112022.pdf, https://www.adtalem.com/newsroom/press-releases/adtalem-global-education-completes-divestiture-of-financial-services-segment# |
